Point72 Asia Singapore Pte. Ltd. Buys 6,522 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Point72 Asia Singapore Pte. Ltd. grew its stake in Vimeo, Inc. (NASDAQ:VMEO) by 919.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,231 shares of the company’s stock after acquiring an additional 6,522 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Vimeo were worth $46,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its holdings in shares of Vimeo by 780.4% in the fourth quarter. Sterling Capital Management LLC now owns 4,578 shares of the company’s stock valued at $29,000 after purchasing an additional 4,058 shares during the period. SBI Securities Co. Ltd. bought a new stake in Vimeo during the 4th quarter valued at $30,000. Allworth Financial LP lifted its holdings in shares of 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 buying an additional 4,870 shares during the period. Wealthfront Advisers LLC bought a new position in shares of Vimeo during the 4th quarter worth $36,000. Finally, Quarry LP bought a new position in shares of Vimeo during the 4th quarter worth $47,000. 84.97% of the stock is currently owned by institutional investors.

Vimeo Trading Down 0.4%

Shares of NASDAQ:VMEO opened at $4.70 on Monday. The company has a market capitalization of $774.80 million, a PE ratio of 29.38 and a beta of 2.17. Vimeo, Inc. has a 12-month low of $3.45 and a 12-month high of $7.90. The business’s fifty day simple moving average is $5.05 and its 200-day simple moving average is $5.96.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings data on Monday, May 5th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $103.03 million for the quarter, compared to the consensus estimate of $101.57 million. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 earnings per share. Research analysts predict that Vimeo, Inc. will post 0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VMEO. Piper Sandler set a $8.00 price objective on shares of Vimeo and gave the stock an “overweight” rating in a research note on Tuesday, May 6th. Jefferies Financial Group reduced their price target on shares of Vimeo from $7.00 to $5.40 and set a “hold” rating for the company in a report on Monday, April 7th.

Vimeo 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.