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

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

Other large investors also recently bought and sold shares of the company. Truist Financial Corp acquired a new position in Vimeo in the 4th quarter worth about $74,000. SG Americas Securities LLC raised its holdings in Vimeo by 96.0% in the 4th quarter. SG Americas Securities LLC now owns 91,190 shares of the company's stock worth $584,000 after purchasing an additional 44,657 shares during the period. American Century Companies Inc. acquired a new position in Vimeo in the 4th quarter worth about $755,000. Apollon Wealth Management LLC acquired a new position in Vimeo in the 4th quarter worth about $72,000. Finally, Vanguard Group Inc. raised its holdings in Vimeo by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 17,432,831 shares of the company's stock worth $111,570,000 after purchasing an additional 134,171 shares during the period. Institutional investors and hedge funds own 84.97% of the company's stock.

Analysts Set New Price Targets

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

Vimeo Trading Up 0.1%

VMEO stock traded up $0.00 during midday trading on Thursday, hitting $4.38. 158,282 shares of the company's stock were exchanged, compared to its average volume of 1,520,704. The business has a 50-day simple moving average of $4.89 and a two-hundred day simple moving average of $5.87. The stock has a market capitalization of $722.07 million, a PE ratio of 27.35 and a beta of 2.17. Vimeo, Inc. has a 1-year low of $3.45 and a 1-year high of $7.90.

Vimeo (NASDAQ:VMEO - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping 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 company had revenue of $103.03 million during the quarter, compared to analysts' expectations of $101.57 million. During the same quarter last year, the firm earned $0.04 earnings per share. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. As a group, research analysts expect that Vimeo, Inc. will post 0.16 EPS for the current fiscal 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.