Swiss National Bank Sells 2,600 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Swiss National Bank decreased its holdings in Vimeo, Inc. (NASDAQ:VMEO) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 292,218 shares of the company’s stock after selling 2,600 shares during the period. Swiss National Bank’s holdings in Vimeo were worth $1,870,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VMEO. FMR LLC lifted its position in shares of Vimeo by 65.1% in the third quarter. FMR LLC now owns 1,392,457 shares of the company’s stock worth $7,032,000 after buying an additional 548,812 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Vimeo by 18.1% during the third quarter. JPMorgan Chase & Co. now owns 324,420 shares of the company’s stock valued at $1,638,000 after purchasing an additional 49,699 shares during the period. Barclays PLC boosted its position in Vimeo by 203.9% in the 3rd quarter. Barclays PLC now owns 240,655 shares of the company’s stock valued at $1,215,000 after buying an additional 161,469 shares during the period. Truist Financial Corp bought a new position in Vimeo in the fourth quarter worth approximately $74,000. Finally, HighTower Advisors LLC grew its position in shares of Vimeo by 66.0% during the 3rd quarter. HighTower Advisors LLC now owns 79,952 shares of the company’s stock worth $403,000 after buying an additional 31,800 shares in the last quarter. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upgraded Vimeo from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $7.00 to $10.00 in a report on Tuesday, December 10th.

Vimeo Trading Down 2.9 %

NASDAQ:VMEO opened at $5.32 on Friday. Vimeo, Inc. has a 12 month low of $3.43 and a 12 month high of $7.90. The company has a market capitalization of $877.01 million, a P/E ratio of 33.25 and a beta of 2.22. The firm has a fifty day simple moving average of $6.03 and a 200-day simple moving average of $5.97.

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