Jacobs Levy Equity Management Inc. Sells 187,922 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Jacobs Levy Equity Management Inc. reduced its stake in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,155,558 shares of the company's stock after selling 187,922 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 1.30% of Vimeo worth $13,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sterling Capital Management LLC raised its stake in shares of Vimeo by 780.4% during the fourth 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. SBI Securities Co. Ltd. purchased a new position in shares of Vimeo during the fourth quarter worth approximately $30,000. Allworth Financial LP raised its stake in shares of Vimeo by 5,662.8% during the fourth quarter. Allworth Financial LP now owns 4,956 shares of the company's stock worth $31,000 after acquiring an additional 4,870 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Vimeo during the fourth quarter worth approximately $36,000. Finally, Quarry LP purchased a new position in shares of Vimeo during the fourth quarter worth approximately $47,000. 84.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Vimeo Stock Performance

Shares of NASDAQ VMEO traded down $0.02 during mid-day trading on Friday, hitting $4.70. The stock had a trading volume of 842,740 shares, compared to its average volume of 1,525,852. Vimeo, Inc. has a 1 year low of $3.45 and a 1 year high of $7.90. The business has a 50 day moving average price of $5.05 and a two-hundred day moving average price of $5.96. The firm has a market cap of $774.80 million, a P/E ratio of 29.38 and a beta of 2.17.

Vimeo (NASDAQ:VMEO - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The company had revenue of $103.03 million for the quarter, compared to the consensus estimate of $101.57 million. During the same period in the previous year, the firm earned $0.04 earnings per share. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts predict 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.