Northern Trust Corp Increases Position in Vimeo, Inc. (NASDAQ:VMEO)

Northern Trust Corp increased its position in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,445,576 shares of the company's stock after buying an additional 54,554 shares during the period. Northern Trust Corp owned 0.87% of Vimeo worth $9,252,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VMEO. Sterling Capital Management LLC increased its stake in Vimeo by 780.4% during the fourth quarter. Sterling Capital Management LLC now owns 4,578 shares of the company's stock worth $29,000 after acquiring an additional 4,058 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Vimeo during the fourth quarter worth approximately $30,000. Allworth Financial LP increased its stake in Vimeo by 5,662.8% during the fourth quarter. Allworth Financial LP now owns 4,956 shares of the company's stock worth $31,000 after acquiring an additional 4,870 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in Vimeo during the fourth quarter worth approximately $36,000. Finally, Quarry LP bought a new stake in Vimeo during the fourth quarter worth approximately $47,000. 84.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Piper Sandler set a $8.00 price objective on Vimeo and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Jefferies Financial Group reduced their price objective on Vimeo from $7.00 to $5.40 and set a "hold" rating on the stock in a research note on Monday, April 7th.

Vimeo Price Performance

Shares of NASDAQ:VMEO traded down $0.09 during trading hours on Friday, hitting $4.36. 930,573 shares of the company's stock traded hands, compared to its average volume of 1,522,356. Vimeo, Inc. has a 1 year low of $3.45 and a 1 year high of $7.90. The business has a fifty day moving average price of $4.96 and a 200-day moving average price of $5.92. The firm has a market capitalization of $718.75 million, a P/E ratio of 27.25 and a beta of 2.17.

Vimeo (NASDAQ:VMEO - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The business had revenue of $103.03 million during the quarter, compared to analyst estimates of $101.57 million. During the same quarter in the previous year, the business earned $0.04 earnings per share. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities analysts predict that Vimeo, Inc. will post 0.16 earnings per share for the current year.

Vimeo Profile

Vimeo, Inc, together with its subsidiaries, provides video software solutions worldwide. It provides the video tools through a software-as-a-service model, which enables its users to create, collaborate, and communicate with video on a single platform. The company also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.