Vimeo, Inc. (NASDAQ:VMEO) Shares Purchased by Martingale Asset Management L P

Martingale Asset Management L P grew its stake in shares of Vimeo, Inc. (NASDAQ:VMEO) by 208.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,807 shares of the company’s stock after purchasing an additional 60,676 shares during the quarter. Martingale Asset Management L P owned approximately 0.05% of Vimeo worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of VMEO. CWA Asset Management Group LLC purchased a new position in shares of Vimeo in the 3rd quarter valued at $391,000. Divisar Capital Management LLC grew its holdings in shares of Vimeo by 10.5% during the second quarter. Divisar Capital Management LLC now owns 8,388,993 shares of the company’s stock worth $31,291,000 after purchasing an additional 800,000 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Vimeo by 14.8% during the second quarter. Renaissance Technologies LLC now owns 6,292,354 shares of the company’s stock worth $23,470,000 after purchasing an additional 808,954 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Vimeo by 134.9% during the third 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 in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position 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 period. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Vimeo Trading Up 1.4 %

NASDAQ:VMEO opened at $6.70 on Wednesday. Vimeo, Inc. has a 12-month low of $3.43 and a 12-month high of $7.28. The stock’s 50 day simple moving average is $5.62 and its 200-day simple moving average is $4.75. The firm has a market cap of $1.11 billion, a P/E ratio of 33.50 and a beta of 2.23.

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

Analysts Set New Price Targets

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