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.
View Our Latest Analysis on VMEO
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
(
Free Report)
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.
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