T. Rowe Price Investment Management Inc. lessened its holdings in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 42.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,995,823 shares of the company's stock after selling 4,390,124 shares during the period. T. Rowe Price Investment Management Inc. owned 3.62% of Vimeo worth $38,374,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in VMEO. Sterling Capital Management LLC raised its stake in Vimeo by 780.4% in the 4th quarter. Sterling Capital Management LLC now owns 4,578 shares of the company's stock valued at $29,000 after acquiring an additional 4,058 shares during the period. SBI Securities Co. Ltd. bought a new position in Vimeo during the 4th quarter worth $30,000. Allworth Financial LP increased its position in Vimeo by 5,662.8% during 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 during the period. Wealthfront Advisers LLC bought a new position in Vimeo during the 4th quarter worth $36,000. Finally, Xponance Inc. bought a new position in Vimeo during the 4th quarter worth $67,000. Institutional investors own 84.97% of the company's stock.
Vimeo Stock Up 0.9 %
Shares of VMEO stock traded up $0.05 during mid-day trading on Thursday, reaching $5.09. 1,188,421 shares of the stock traded hands, compared to its average volume of 1,527,599. The stock's fifty day simple moving average is $5.24 and its two-hundred day simple moving average is $5.95. Vimeo, Inc. has a 1-year low of $3.45 and a 1-year high of $7.90. The company has a market cap of $838.27 million, a price-to-earnings ratio of 31.78 and a beta of 2.17.
Vimeo (NASDAQ:VMEO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The company had revenue of $103.16 million during the quarter, compared to the consensus estimate of $100.60 million. On average, equities research analysts anticipate that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group lowered their price objective on Vimeo from $7.00 to $5.40 and set a "hold" rating on the stock in a research report on Monday, April 7th.
Read Our Latest Stock Analysis on VMEO
About Vimeo
(
Free Report)
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.
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