Nuveen Asset Management LLC Has $17.33 Million Stake in Vimeo, Inc. (NASDAQ:VMEO)

Nuveen Asset Management LLC lifted its stake in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 82.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,707,697 shares of the company's stock after acquiring an additional 1,224,263 shares during the period. Nuveen Asset Management LLC owned 1.63% of Vimeo worth $17,329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Millennium Management LLC lifted its position in shares of Vimeo by 58.8% in the 4th quarter. Millennium Management LLC now owns 1,058,454 shares of the company's stock valued at $6,774,000 after acquiring an additional 391,812 shares in the last quarter. G2 Investment Partners Management LLC bought a new stake in Vimeo in the 4th quarter valued at $7,275,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of Vimeo by 86.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,028,846 shares of the company's stock worth $6,585,000 after acquiring an additional 477,130 shares during the period. Deutsche Bank AG lifted its holdings in Vimeo by 5.4% during the 4th quarter. Deutsche Bank AG now owns 908,492 shares of the company's stock valued at $5,814,000 after purchasing an additional 46,559 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in Vimeo during the 4th quarter valued at about $214,000. 84.97% of the stock is owned by institutional investors and hedge funds.

Vimeo Trading Up 1.6%

Shares of NASDAQ:VMEO traded up $0.07 on Tuesday, hitting $4.43. The company had a trading volume of 2,164,407 shares, compared to its average volume of 1,526,912. Vimeo, Inc. has a 1-year low of $3.45 and a 1-year high of $7.90. The stock has a market cap of $729.82 million, a price-to-earnings ratio of 27.69 and a beta of 2.17. The stock has a 50 day moving average price of $4.94 and a 200 day moving average price of $5.89.

Vimeo (NASDAQ:VMEO - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The business had revenue of $103.03 million during the quarter, compared to analysts' expectations of $101.57 million. During the same quarter in the prior year, the business posted $0.04 earnings per share. Vimeo's revenue was down 1.8% compared to the same quarter last year. Sell-side analysts anticipate that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VMEO has been the subject of several research reports. Jefferies Financial Group lowered their price objective on shares of Vimeo from $7.00 to $5.40 and set a "hold" rating for the company in a research report on Monday, April 7th. Piper Sandler set a $8.00 price objective on shares of Vimeo and gave the stock an "overweight" rating in a research note on Tuesday, May 6th.

About Vimeo

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.