Verition Fund Management LLC Increases Stock Holdings in Vimeo, Inc. (NASDAQ:VMEO)

Verition Fund Management LLC increased its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO) by 199.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 71,090 shares of the company’s stock after purchasing an additional 47,378 shares during the quarter. Verition Fund Management LLC’s holdings in Vimeo were worth $359,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Vimeo during the 2nd quarter valued at about $41,000. DekaBank Deutsche Girozentrale acquired a new position in Vimeo during the second quarter worth approximately $42,000. Hutchens & Kramer Investment Management Group LLC purchased a new position in Vimeo during the third quarter worth approximately $54,000. Nisa Investment Advisors LLC boosted its holdings in shares of Vimeo by 42.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 17,318 shares of the company’s stock valued at $65,000 after purchasing an additional 5,160 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC grew its stake in shares of Vimeo by 52.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 18,595 shares of the company’s stock valued at $69,000 after buying an additional 6,370 shares during the period. 84.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Vimeo Price Performance

NASDAQ:VMEO opened at $6.84 on Friday. The business’s 50-day moving average is $5.97 and its two-hundred day moving average is $4.93. The firm has a market capitalization of $1.13 billion, a PE ratio of 34.20 and a beta of 2.23. Vimeo, Inc. has a 12 month low of $3.43 and a 12 month high of $7.90.

Vimeo (NASDAQ:VMEO) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. Vimeo had a return on equity of 8.56% and a net margin of 8.08%. The firm had revenue of $104.56 million for the quarter, compared to analyst estimates of $99.48 million. During the same period in the previous year, the company posted $0.05 EPS. Vimeo’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts anticipate that Vimeo, Inc. will post 0.18 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.