First Trust Advisors LP Sells 54,729 Shares of Vimeo, Inc. (NASDAQ:VMEO)

First Trust Advisors LP cut its position in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 494,465 shares of the company's stock after selling 54,729 shares during the quarter. First Trust Advisors LP owned 0.30% of Vimeo worth $3,165,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of Vimeo by 6.5% during the fourth quarter. Principal Financial Group Inc. now owns 62,105 shares of the company's stock worth $397,000 after buying an additional 3,793 shares during the period. Sterling Capital Management LLC raised its position in shares of Vimeo by 780.4% in the 4th quarter. Sterling Capital Management LLC now owns 4,578 shares of the company's stock worth $29,000 after acquiring an additional 4,058 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Vimeo by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 145,603 shares of the company's stock valued at $702,000 after purchasing an additional 4,134 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Vimeo during the 4th quarter valued at about $30,000. Finally, Allworth Financial LP boosted its position in shares of Vimeo by 5,662.8% during the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company's stock valued at $31,000 after purchasing an additional 4,870 shares in the last quarter. 84.97% of the stock is currently owned by institutional investors and hedge funds.

Vimeo Stock Performance

Shares of Vimeo stock traded down $0.03 during mid-day trading on Friday, hitting $4.73. 243,121 shares of the stock were exchanged, compared to its average volume of 1,526,194. Vimeo, Inc. has a 12 month low of $3.45 and a 12 month high of $7.90. The company has a 50-day simple moving average of $5.15 and a 200 day simple moving average of $5.95. The company has a market capitalization of $779.75 million, a P/E ratio of 29.56 and a beta of 2.17.

Vimeo (NASDAQ:VMEO - Get Free Report) last issued its quarterly 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. The business had revenue of $103.03 million for the quarter, compared to analyst estimates of $101.57 million. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. Vimeo's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.04 earnings per share. Analysts predict that Vimeo, Inc. will post 0.16 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on VMEO shares. Jefferies Financial Group reduced their price target 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 target price on Vimeo and gave the company an "overweight" rating in a report on Tuesday.

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.