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

Jacobs Levy Equity Management Inc. reduced its position in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of Vimeo by 6.5% during the 4th quarter. Principal Financial Group Inc. now owns 62,105 shares of the company's stock valued at $397,000 after acquiring an additional 3,793 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Vimeo by 780.4% in the fourth quarter. Sterling Capital Management LLC now owns 4,578 shares of the company's stock worth $29,000 after purchasing an additional 4,058 shares during the last quarter. Franklin Resources Inc. raised its stake in Vimeo by 2.9% in the third 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 in the last quarter. SBI Securities Co. Ltd. bought a new stake in Vimeo during the fourth quarter valued at approximately $30,000. Finally, Allworth Financial LP grew its stake in Vimeo by 5,662.8% in the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company's stock worth $31,000 after buying an additional 4,870 shares in the last quarter. Hedge funds and other institutional investors own 84.97% of the company's stock.

Vimeo Trading Down 0.4%

Shares of VMEO traded down $0.02 during mid-day trading on Friday, reaching $4.70. The company's stock had a trading volume of 842,740 shares, compared to its average volume of 1,524,219. Vimeo, Inc. has a 52 week low of $3.45 and a 52 week high of $7.90. The company's fifty day moving average price is $5.06 and its two-hundred day moving average price is $5.95. The stock has a market cap of $774.80 million, a PE ratio of 29.38 and a beta of 2.17.

Vimeo (NASDAQ:VMEO - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $103.03 million during the quarter, compared to analyst estimates of $101.57 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The company's revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.04 earnings per share. Research analysts anticipate that Vimeo, Inc. will post 0.16 EPS for the current year.

Analysts Set New Price Targets

VMEO has been the topic of several research reports. Piper Sandler set a $8.00 price objective on shares of Vimeo and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Jefferies Financial Group lowered their price target on Vimeo from $7.00 to $5.40 and set a "hold" rating on the stock in a research report on Monday, April 7th.

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.