Two Sigma Investments LP Purchases 62,237 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Two Sigma Investments LP grew its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 57.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 170,052 shares of the company's stock after acquiring an additional 62,237 shares during the period. Two Sigma Investments LP owned about 0.10% of Vimeo worth $1,088,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen Asset Management LLC boosted its position in Vimeo by 82.5% during the fourth quarter. Nuveen Asset Management LLC now owns 2,707,697 shares of the company's stock valued at $17,329,000 after acquiring an additional 1,224,263 shares during the last quarter. G2 Investment Partners Management LLC acquired a new stake in shares of Vimeo in the 4th quarter worth about $7,275,000. Boston Partners raised its stake in shares of Vimeo by 465.5% in the fourth quarter. Boston Partners now owns 1,194,421 shares of the company's stock worth $7,643,000 after purchasing an additional 983,198 shares during the last quarter. Norges Bank bought a new position in Vimeo during the 4th quarter valued at $3,640,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Vimeo by 24.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,653,453 shares of the company's stock valued at $16,982,000 after purchasing an additional 513,178 shares in the last quarter. 84.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Vimeo Stock Performance

Shares of VMEO stock opened at $4.51 on Friday. The business's fifty day moving average is $4.77 and its 200 day moving average is $5.78. Vimeo, Inc. has a 52-week low of $3.45 and a 52-week high of $7.90. The company has a market capitalization of $743.00 million, a PE ratio of 28.19 and a beta of 2.06.

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

Vimeo Company 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.

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