Vimeo, Inc. (NASDAQ:VMEO) Position Increased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its stake in shares of Vimeo, Inc. (NASDAQ:VMEO) by 24.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,653,453 shares of the company’s stock after buying an additional 513,178 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.60% of Vimeo worth $16,982,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new position in shares of Vimeo during the fourth quarter worth about $30,000. Allworth Financial LP grew its position in Vimeo by 5,662.8% in the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company’s stock worth $31,000 after purchasing an additional 4,870 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Vimeo in the fourth quarter valued at approximately $36,000. EP Wealth Advisors LLC bought a new stake in shares of Vimeo during the third quarter valued at approximately $51,000. Finally, Xponance Inc. acquired a new position in shares of Vimeo during the fourth quarter worth approximately $67,000. 84.97% of the stock is owned by institutional investors and hedge funds.

Vimeo Trading Down 2.9 %

Shares of NASDAQ:VMEO opened at $4.75 on Friday. Vimeo, Inc. has a twelve month low of $3.43 and a twelve month high of $7.90. The firm has a market cap of $783.05 million, a P/E ratio of 29.69 and a beta of 2.22. The company has a 50 day moving average of $5.90 and a 200-day moving average of $5.97.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The firm had revenue of $103.16 million during the quarter, compared to analyst estimates of $100.60 million. Equities research analysts forecast that Vimeo, Inc. will post 0.16 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised Vimeo from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $7.00 to $10.00 in a research note on Tuesday, December 10th.

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.