Vimeo, Inc. (NASDAQ:VMEO) Holdings Boosted by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its holdings in Vimeo, Inc. (NASDAQ:VMEO) by 24.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,653,453 shares of the company’s stock after purchasing an additional 513,178 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Vimeo were worth $16,982,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

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

Vimeo Stock Performance

Shares of NASDAQ VMEO opened at $4.75 on Friday. The business has a 50 day simple moving average of $5.90 and a 200 day simple moving average of $5.97. Vimeo, Inc. has a 52 week low of $3.43 and a 52 week high of $7.90. The stock has a market cap of $783.05 million, a price-to-earnings ratio of 29.69 and a beta of 2.22.

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

Vimeo 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.