Voya Investment Management LLC Sells 495,553 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Voya Investment Management LLC reduced its position in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 39.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 768,630 shares of the company's stock after selling 495,553 shares during the quarter. Voya Investment Management LLC owned approximately 0.46% of Vimeo worth $4,919,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Boston Partners lifted its stake in shares of Vimeo by 465.5% in the 4th quarter. Boston Partners now owns 1,194,421 shares of the company's stock valued at $7,643,000 after purchasing an additional 983,198 shares during the period. Norges Bank bought a new position in Vimeo in the fourth quarter worth $3,640,000. Arrowstreet Capital Limited Partnership lifted its position in Vimeo by 24.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,653,453 shares of the company's stock valued at $16,982,000 after buying an additional 513,178 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Vimeo by 6.8% during the 4th 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 in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Vimeo in the 4th quarter worth about $2,368,000. Hedge funds and other institutional investors own 84.97% of the company's stock.

Vimeo Trading Up 0.6 %

Vimeo stock traded up $0.03 during mid-day trading on Friday, hitting $5.12. The company had a trading volume of 1,015,294 shares, compared to its average volume of 1,529,049. Vimeo, Inc. has a 12 month low of $3.45 and a 12 month high of $7.90. The company has a market capitalization of $844.04 million, a PE ratio of 32.00 and a beta of 2.17. The stock's 50 day moving average price is $5.22 and its two-hundred day moving average price is $5.96.

Vimeo (NASDAQ:VMEO - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $103.16 million for the quarter, compared to the consensus estimate of $100.60 million. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. Equities research analysts anticipate that Vimeo, Inc. will post 0.16 EPS for the current year.

Analyst Ratings Changes

Separately, Jefferies Financial Group dropped their price objective on shares of Vimeo from $7.00 to $5.40 and set a "hold" rating on the stock in a research note 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.