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

A number of other institutional investors and hedge funds also recently made changes to their positions in VMEO. Nuveen Asset Management LLC increased its holdings in shares of Vimeo by 82.5% in the fourth quarter. Nuveen Asset Management LLC now owns 2,707,697 shares of the company's stock worth $17,329,000 after acquiring an additional 1,224,263 shares in the last quarter. G2 Investment Partners Management LLC acquired a new position in shares of Vimeo during the fourth quarter worth about $7,275,000. Norges Bank acquired a new position in Vimeo during the fourth quarter valued at approximately $3,640,000. Arrowstreet Capital Limited Partnership boosted its position in 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 during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position 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 valued at $6,585,000 after purchasing an additional 477,130 shares during the last quarter. Institutional investors own 84.97% of the company's stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler restated an "overweight" rating and issued a $7.00 price objective (down previously from $8.00) on shares of Vimeo in a research note on Tuesday.

Vimeo Stock Performance

VMEO traded down $0.02 during midday trading on Wednesday, reaching $4.12. 1,088,725 shares of the company were exchanged, compared to its average volume of 1,613,530. The company's fifty day moving average price is $4.11 and its 200 day moving average price is $5.00. The company has a market cap of $677.91 million, a price-to-earnings ratio of 51.49 and a beta of 2.00. Vimeo, Inc. has a one year low of $3.64 and a one year high of $7.90.

Vimeo (NASDAQ:VMEO - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $104.65 million during the quarter, compared to analyst estimates of $107.36 million. Vimeo had a return on equity of 3.29% and a net margin of 3.17%. Vimeo's quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. As a group, sell-side analysts anticipate that Vimeo, Inc. will post 0.16 earnings per share 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.