First Manhattan Co. trimmed its holdings in Vimeo, Inc. (NASDAQ:VMEO – Get Rating) by 24.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,107,052 shares of the company’s stock after selling 1,308,800 shares during the quarter. First Manhattan Co. owned approximately 2.47% of Vimeo worth $16,428,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of VMEO. Renaissance Technologies LLC grew its position in Vimeo by 50.8% in the 3rd quarter. Renaissance Technologies LLC now owns 4,295,890 shares of the company’s stock valued at $17,184,000 after buying an additional 1,446,890 shares during the last quarter. BlackRock Inc. grew its position in Vimeo by 13.4% in the 3rd quarter. BlackRock Inc. now owns 11,580,657 shares of the company’s stock valued at $46,321,000 after buying an additional 1,372,298 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Vimeo by 14.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 10,964,620 shares of the company’s stock worth $66,007,000 after purchasing an additional 1,364,656 shares in the last quarter. Millennium Management LLC boosted its position in shares of Vimeo by 450.7% during the 2nd quarter. Millennium Management LLC now owns 1,572,764 shares of the company’s stock worth $9,468,000 after purchasing an additional 1,287,149 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Vimeo by 8.2% during the 2nd quarter. FMR LLC now owns 14,845,945 shares of the company’s stock worth $89,373,000 after purchasing an additional 1,126,431 shares in the last quarter. 83.89% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
VMEO has been the topic of several research analyst reports. Cowen decreased their target price on shares of Vimeo from $7.00 to $6.00 in a research report on Wednesday. Wells Fargo & Company decreased their price objective on shares of Vimeo from $10.00 to $7.25 and set an “overweight” rating on the stock in a research report on Thursday, January 19th. Finally, Piper Sandler decreased their price objective on shares of Vimeo from $7.00 to $5.00 in a research report on Thursday, November 3rd.
Vimeo Trading Down 3.2 %
VMEO stock traded down $0.12 during trading on Thursday, hitting $3.67. The stock had a trading volume of 564,009 shares, compared to its average volume of 1,859,811. The company’s 50 day moving average price is $3.95 and its two-hundred day moving average price is $4.34. Vimeo, Inc. has a 1-year low of $3.07 and a 1-year high of $13.24.
Vimeo (NASDAQ:VMEO – Get Rating) last announced its earnings results on Monday, February 27th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.12. Vimeo had a negative net margin of 18.38% and a negative return on equity of 18.09%. The firm had revenue of $105.56 million during the quarter, compared to the consensus estimate of $105.00 million. During the same quarter in the previous year, the company posted ($0.14) EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts forecast that Vimeo, Inc. will post -0.51 earnings per share for the current fiscal year.
About Vimeo
Vimeo, Inc, together with its subsidiaries, provides video software solutions in New York and internationally. The company 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. It also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.
