Los Angeles Capital Management LLC Acquires 390,574 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Los Angeles Capital Management LLC boosted its stake in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 142.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 664,114 shares of the company's stock after purchasing an additional 390,574 shares during the quarter. Los Angeles Capital Management LLC owned about 0.40% of Vimeo worth $2,603,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Vimeo by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 15,259,338 shares of the company's stock worth $54,018,000 after buying an additional 483,443 shares during the period. Acadian Asset Management LLC grew its holdings in Vimeo by 10.2% during the third quarter. Acadian Asset Management LLC now owns 2,322,643 shares of the company's stock worth $8,218,000 after buying an additional 214,366 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Vimeo by 10.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,776,051 shares of the company's stock valued at $6,962,000 after purchasing an additional 174,892 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Vimeo by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,201,414 shares of the company's stock valued at $4,253,000 after buying an additional 31,773 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Vimeo by 25.6% in the third quarter. Boston Partners now owns 1,185,683 shares of the company's stock valued at $4,196,000 after acquiring an additional 242,025 shares in the last quarter. Institutional investors own 84.97% of the company's stock.

Vimeo Trading Up 3.2 %

Shares of NASDAQ:VMEO traded up $0.12 during trading on Tuesday, reaching $3.92. The company's stock had a trading volume of 3,033,659 shares, compared to its average volume of 2,796,176. The firm's 50 day simple moving average is $4.27 and its two-hundred day simple moving average is $3.91. Vimeo, Inc. has a 12 month low of $3.02 and a 12 month high of $5.77. The stock has a market capitalization of $658.72 million, a PE ratio of 30.16 and a beta of 2.02.

Vimeo (NASDAQ:VMEO - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.06. The firm had revenue of $105.54 million during the quarter, compared to analysts' expectations of $102.37 million. Vimeo had a return on equity of 6.07% and a net margin of 5.28%. During the same quarter in the previous year, the business earned ($0.03) EPS. The company's quarterly revenue was up .0% on a year-over-year basis.

Analysts Set New Price Targets

Separately, Piper Sandler reiterated a "neutral" rating and issued a $4.50 price target (up from $4.00) on shares of Vimeo in a research report on Tuesday.

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.