Nuveen Asset Management LLC Boosts Holdings in Vimeo, Inc. (NASDAQ:VMEO)

Nuveen Asset Management LLC grew its holdings in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 82.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,707,697 shares of the company's stock after purchasing an additional 1,224,263 shares during the period. Nuveen Asset Management LLC owned approximately 1.63% of Vimeo worth $17,329,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of VMEO. G2 Investment Partners Management LLC purchased a new stake in shares of Vimeo in the 4th quarter valued at approximately $7,275,000. Boston Partners increased its holdings in Vimeo by 465.5% in the 4th quarter. Boston Partners now owns 1,194,421 shares of the company's stock valued at $7,643,000 after purchasing an additional 983,198 shares during the last quarter. Norges Bank purchased a new stake in Vimeo in the fourth quarter valued at approximately $3,640,000. Arrowstreet Capital Limited Partnership lifted its stake in Vimeo by 24.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,653,453 shares of the company's stock worth $16,982,000 after purchasing an additional 513,178 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in Vimeo by 86.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,028,846 shares of the company's stock worth $6,585,000 after purchasing an additional 477,130 shares in the last quarter. Hedge funds and other institutional investors own 84.97% of the company's stock.

Wall Street Analyst Weigh In

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

Vimeo Stock Performance

Shares of NASDAQ:VMEO traded down $0.05 during trading hours on Wednesday, reaching $4.39. The stock had a trading volume of 697,958 shares, compared to its average volume of 1,630,425. Vimeo, Inc. has a 1 year low of $3.44 and a 1 year high of $7.90. The firm's 50 day moving average is $4.92 and its 200-day moving average is $5.88. The stock has a market capitalization of $722.40 million, a price-to-earnings ratio of 27.41 and a beta of 2.17.

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