Los Angeles Capital Management LLC Reduces Position in Vimeo, Inc. (NASDAQ:VMEO)

Los Angeles Capital Management LLC lowered its stake in Vimeo, Inc. (NASDAQ:VMEO) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 236,397 shares of the company’s stock after selling 14,988 shares during the period. Los Angeles Capital Management LLC’s holdings in Vimeo were worth $1,513,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quintet Private Bank Europe S.A. increased its position in shares of Vimeo by 18.1% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 20,000 shares of the company’s stock valued at $101,000 after acquiring an additional 3,063 shares during the period. Algert Global LLC grew its stake in Vimeo by 3.5% during the 3rd quarter. Algert Global LLC now owns 100,110 shares of the company’s stock valued at $506,000 after purchasing an additional 3,352 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Vimeo by 6.5% in the fourth quarter. Principal Financial Group Inc. now owns 62,105 shares of the company’s stock valued at $397,000 after purchasing an additional 3,793 shares during the period. Franklin Resources Inc. raised its stake in shares of Vimeo by 2.9% in the third quarter. Franklin Resources Inc. now owns 145,603 shares of the company’s stock worth $702,000 after purchasing an additional 4,134 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Vimeo by 5,662.8% during the fourth 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 period. 84.97% of the stock is currently owned by institutional investors and hedge funds.

Vimeo Stock Up 3.7 %

Vimeo stock opened at $5.89 on Friday. The business’s 50-day moving average price is $6.43 and its 200 day moving average price is $5.92. The firm has a market cap of $976.86 million, a price-to-earnings ratio of 36.81 and a beta of 2.21. Vimeo, Inc. has a 52 week low of $3.43 and a 52 week high of $7.90.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on VMEO shares. TD Cowen increased their price target on shares of Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Truist Financial upped their price objective on shares of Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Piper Sandler upgraded shares of Vimeo from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $7.00 to $10.00 in a research report on Tuesday, December 10th.

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.