Palogic Value Management L.P. Lowers Stake in Vimeo, Inc. (NASDAQ:VMEO)

Palogic Value Management L.P. lessened its position in Vimeo, Inc. (NASDAQ:VMEOFree Report) by 11.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 665,000 shares of the company’s stock after selling 85,000 shares during the period. Vimeo makes up 1.2% of Palogic Value Management L.P.’s investment portfolio, making the stock its 27th largest holding. Palogic Value Management L.P.’s holdings in Vimeo were worth $2,607,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Circumference Group LLC acquired a new position in Vimeo during the fourth quarter worth about $2,267,000. Vanguard Group Inc. grew its holdings in shares of Vimeo by 3.3% during the third quarter. Vanguard Group Inc. now owns 15,259,338 shares of the company’s stock worth $54,018,000 after buying an additional 483,443 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Vimeo during the third quarter worth about $1,657,000. Los Angeles Capital Management LLC grew its holdings in shares of Vimeo by 142.8% during the fourth quarter. Los Angeles Capital Management LLC now owns 664,114 shares of the company’s stock worth $2,603,000 after buying an additional 390,574 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Vimeo by 10.2% during the third quarter. Acadian Asset Management LLC now owns 2,322,643 shares of the company’s stock worth $8,218,000 after buying an additional 214,366 shares in the last quarter. Institutional investors and hedge funds own 84.97% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler reaffirmed a “neutral” rating and set a $4.50 price target (up from $4.00) on shares of Vimeo in a research report on Tuesday, May 7th.

Read Our Latest Stock Report on Vimeo

Vimeo Stock Down 3.5 %

VMEO stock traded down $0.14 during trading on Thursday, hitting $3.87. 835,824 shares of the company’s stock traded hands, compared to its average volume of 2,453,725. The stock has a fifty day moving average price of $3.79 and a two-hundred day moving average price of $4.01. The stock has a market capitalization of $655.07 million, a price-to-earnings ratio of 22.76 and a beta of 2.04. Vimeo, Inc. has a 52 week low of $3.02 and a 52 week high of $5.77.

Vimeo (NASDAQ:VMEOGet Free Report) last announced its earnings results on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $104.91 million during the quarter, compared to analyst estimates of $100.40 million. Vimeo had a net margin of 6.88% and a return on equity of 7.71%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts expect that Vimeo, Inc. will post 0.04 EPS for the current fiscal year.

About Vimeo

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Vimeo (NASDAQ:VMEO)

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