Vimeo, Inc. (NASDAQ:VMEO) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC grew its stake in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 120.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 403,531 shares of the company's stock after purchasing an additional 220,717 shares during the quarter. Jane Street Group LLC owned approximately 0.24% of Vimeo worth $2,583,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Vimeo by 18.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 324,420 shares of the company's stock worth $1,638,000 after purchasing an additional 49,699 shares during the last quarter. Truist Financial Corp purchased a new position in Vimeo during the 4th quarter worth approximately $74,000. Franklin Resources Inc. lifted its position in Vimeo by 2.9% during 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 during the period. SG Americas Securities LLC raised its position in Vimeo by 96.0% during the fourth quarter. SG Americas Securities LLC now owns 91,190 shares of the company's stock valued at $584,000 after acquiring an additional 44,657 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in Vimeo in the fourth quarter valued at $755,000. 84.97% of the stock is currently owned by hedge funds and other institutional investors.

Vimeo Price Performance

VMEO traded down $0.05 during trading hours on Tuesday, reaching $4.59. The company's stock had a trading volume of 59,206 shares, compared to its average volume of 1,516,885. Vimeo, Inc. has a fifty-two week low of $3.45 and a fifty-two week high of $7.90. The stock has a market cap of $755.85 million, a PE ratio of 28.60 and a beta of 2.17. The business's 50-day moving average is $5.03 and its 200-day moving average is $5.96.

Vimeo (NASDAQ:VMEO - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $103.03 million for the quarter, compared to analyst estimates of $101.57 million. During the same period in the prior year, the business posted $0.04 EPS. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. Analysts expect that Vimeo, Inc. will post 0.16 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Piper Sandler set a $8.00 price objective on shares of Vimeo and gave the company an "overweight" rating in a report on Tuesday, May 6th. Jefferies Financial Group reduced their target price on Vimeo from $7.00 to $5.40 and set a "hold" rating for the company in a report on Monday, April 7th.

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.