Algert Global LLC Buys 13,789 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Algert Global LLC raised its holdings in Vimeo, Inc. (NASDAQ:VMEO) by 13.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 113,899 shares of the company’s stock after buying an additional 13,789 shares during the quarter. Algert Global LLC’s holdings in Vimeo were worth $729,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VMEO. Boston Partners lifted its stake in Vimeo by 465.5% in the fourth quarter. Boston Partners now owns 1,194,421 shares of the company’s stock valued at $7,643,000 after buying an additional 983,198 shares during the period. Norges Bank acquired a new position in Vimeo in the fourth quarter valued at approximately $3,640,000. Arrowstreet Capital Limited Partnership lifted its stake in 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 buying an additional 513,178 shares during the period. Renaissance Technologies LLC lifted its stake in Vimeo by 6.8% in 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. Finally, Trexquant Investment LP acquired a new position in Vimeo in the fourth quarter valued at approximately $2,368,000. 84.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on VMEO. Piper Sandler set a $8.00 price target on Vimeo and gave the company an “overweight” rating in a research note on Tuesday, May 6th. Jefferies Financial Group lowered their target price on Vimeo from $7.00 to $5.40 and set a “hold” rating on the stock in a research report on Monday, April 7th.

Vimeo Stock Down 2.1%

Shares of NASDAQ:VMEO opened at $4.66 on Monday. The stock’s 50 day moving average is $5.13 and its 200-day moving average is $5.97. Vimeo, Inc. has a twelve month low of $3.45 and a twelve month high of $7.90. The firm has a market capitalization of $768.21 million, a price-to-earnings ratio of 29.13 and a beta of 2.17.

Vimeo (NASDAQ:VMEO) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The business had revenue of $103.03 million during the quarter, compared to the consensus estimate of $101.57 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. Vimeo’s revenue was down 1.8% compared to the same quarter last year. Equities research analysts anticipate that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal 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.