140,705 Shares in Vimeo, Inc. (NASDAQ:VMEO) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new position in Vimeo, purchasing 140,705 shares valued at approximately $740,000.
• A number of hedge funds increased their holdings in Vimeo, contributing to institutional investors owning 84.97% of the company’s stock.
• Vimeo reported a revenue of $103.03 million for the last quarter, which exceeds analysts' expectations, despite a year-over-year decline of 1.8%.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 140,705 shares of the company's stock, valued at approximately $740,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Vimeo as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its stake in shares of Vimeo by 4.3% in the first quarter. Principal Financial Group Inc. now owns 64,792 shares of the company's stock worth $341,000 after purchasing an additional 2,687 shares in the last quarter. GAMMA Investing LLC grew its stake in Vimeo by 1,547.0% during the first quarter. GAMMA Investing LLC now owns 4,908 shares of the company's stock valued at $26,000 after acquiring an additional 4,610 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Vimeo by 29.3% during the fourth quarter. Ameriprise Financial Inc. now owns 416,214 shares of the company's stock valued at $2,664,000 after acquiring an additional 94,236 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Vimeo by 3.8% during the first quarter. Teacher Retirement System of Texas now owns 495,018 shares of the company's stock valued at $2,604,000 after purchasing an additional 18,113 shares during the last quarter. Finally, American Century Companies Inc. bought a new position in Vimeo during the fourth quarter valued at $755,000. Institutional investors own 84.97% of the company's stock.

Analyst Upgrades and Downgrades

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

Vimeo Stock Down 3.7%

Shares of Vimeo stock traded down $0.14 on Friday, reaching $3.65. The stock had a trading volume of 1,436,061 shares, compared to its average volume of 1,396,430. The company has a 50 day moving average price of $4.13 and a 200 day moving average price of $5.02. Vimeo, Inc. has a 1 year low of $3.44 and a 1 year high of $7.90. The stock has a market capitalization of $601.30 million, a P/E ratio of 36.50 and a beta of 2.00.

Vimeo (NASDAQ:VMEO - Get Free Report) last issued 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. Vimeo had a net margin of 4.10% and a return on equity of 4.26%. The firm had revenue of $103.03 million for the quarter, compared to the consensus estimate of $101.57 million. During the same quarter in the previous year, the firm earned $0.04 EPS. The company's quarterly revenue was down 1.8% compared to the same quarter last year. On average, analysts forecast that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.

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.