D. E. Shaw & Co. Inc. Boosts Stock Holdings in Vimeo, Inc. (NASDAQ:VMEO)

D. E. Shaw & Co. Inc. increased its position in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 86.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,028,846 shares of the company's stock after acquiring an additional 477,130 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.62% of Vimeo worth $6,585,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VMEO. Vanguard Group Inc. boosted its holdings in shares of Vimeo by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 17,432,831 shares of the company's stock worth $111,570,000 after acquiring an additional 134,171 shares during the period. Renaissance Technologies LLC increased its position in shares of Vimeo by 6.8% during the fourth quarter. Renaissance Technologies LLC now owns 6,590,500 shares of the company's stock valued at $42,179,000 after buying an additional 419,700 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Vimeo by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,863,223 shares of the company's stock worth $31,126,000 after buying an additional 60,174 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Vimeo by 24.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,653,453 shares of the company's stock valued at $16,982,000 after acquiring an additional 513,178 shares during the period. Finally, Northern Trust Corp grew its stake in Vimeo by 3.9% during the fourth quarter. Northern Trust Corp now owns 1,445,576 shares of the company's stock valued at $9,252,000 after acquiring an additional 54,554 shares in the last quarter. 84.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Vimeo Stock Up 1.2%

Shares of Vimeo stock traded up $0.06 during trading on Wednesday, reaching $4.62. 156,907 shares of the stock were exchanged, compared to its average volume of 1,517,662. Vimeo, Inc. has a 1 year low of $3.45 and a 1 year high of $7.90. The firm has a market cap of $760.79 million, a price-to-earnings ratio of 28.85 and a beta of 2.17. The stock's fifty day moving average is $5.02 and its 200 day moving average is $5.95.

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

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.