Algert Global LLC Boosts Stock Position in Vimeo, Inc. (NASDAQ:VMEO)

Algert Global LLC boosted its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO) by 3.5% during the third quarter, Holdings Channel.com reports. The firm owned 100,110 shares of the company’s stock after acquiring an additional 3,352 shares during the period. Algert Global LLC’s holdings in Vimeo were worth $506,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Intech Investment Management LLC bought a new stake in shares of Vimeo in the 3rd quarter worth about $175,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Vimeo by 22.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 179,645 shares of the company’s stock worth $907,000 after acquiring an additional 33,525 shares during the last quarter. Royce & Associates LP raised its position in Vimeo by 51.7% during the third quarter. Royce & Associates LP now owns 613,061 shares of the company’s stock valued at $3,096,000 after purchasing an additional 209,033 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Vimeo by 134.9% in the 3rd quarter. GSA Capital Partners LLP now owns 162,488 shares of the company’s stock worth $821,000 after purchasing an additional 93,303 shares during the period. Finally, Versor Investments LP bought a new position in shares of Vimeo during the 3rd quarter valued at approximately $166,000. Institutional investors own 84.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VMEO. Piper Sandler reissued a “neutral” rating and issued a $7.00 target price (up previously from $5.00) on shares of Vimeo in a research note on Tuesday, November 5th. Truist Financial upped their target price on Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, TD Cowen boosted their price objective on Vimeo from $6.00 to $7.00 and gave the company a “hold” rating in a report on Tuesday, November 5th.

Vimeo Price Performance

Shares of VMEO stock opened at $6.53 on Friday. The company’s 50-day simple moving average is $5.58 and its two-hundred day simple moving average is $4.72. Vimeo, Inc. has a one year low of $3.43 and a one year high of $7.28. The company has a market capitalization of $1.08 billion, a P/E ratio of 32.65 and a beta of 2.08.

Vimeo (NASDAQ:VMEO) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. The company had revenue of $104.56 million for the quarter, compared to analysts’ expectations of $99.48 million. Vimeo had a return on equity of 8.56% and a net margin of 8.08%. Vimeo’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 earnings per share. On average, research analysts expect that Vimeo, Inc. will post 0.18 EPS for the current fiscal year.

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.