11,216 Shares in Vimeo, Inc. (NASDAQ:VMEO) Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale acquired a new position in shares of Vimeo, Inc. (NASDAQ:VMEO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,216 shares of the company’s stock, valued at approximately $42,000.

Several other institutional investors have also recently made changes to their positions in VMEO. Goldman Sachs Group Inc. boosted its holdings in Vimeo by 75.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,493,555 shares of the company’s stock worth $21,535,000 after purchasing an additional 2,360,405 shares during the last quarter. Kent Lake Capital LLC bought a new position in shares of Vimeo in the first quarter valued at approximately $5,112,000. Circumference Group LLC purchased a new stake in shares of Vimeo during the fourth quarter valued at approximately $2,267,000. Quadrature Capital Ltd lifted its holdings in Vimeo by 362.4% during the first quarter. Quadrature Capital Ltd now owns 308,716 shares of the company’s stock worth $1,263,000 after acquiring an additional 241,950 shares during the period. Finally, Susquehanna Fundamental Investments LLC boosted its position in Vimeo by 350.1% in the first quarter. Susquehanna Fundamental Investments LLC now owns 275,423 shares of the company’s stock worth $1,126,000 after purchasing an additional 214,238 shares during the last quarter. Institutional investors own 84.97% of the company’s stock.

Wall Street Analyst Weigh In

VMEO has been the topic of a number of recent analyst reports. Piper Sandler lifted their target price on Vimeo from $4.50 to $5.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Truist Financial boosted their target price on shares of Vimeo from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th.

Insider Buying and Selling at Vimeo

In related news, CEO Philip D. Moyer purchased 32,051 shares of Vimeo stock in a transaction dated Wednesday, August 7th. The stock was bought at an average cost of $4.67 per share, for a total transaction of $149,678.17. Following the completion of the transaction, the chief executive officer now owns 1,712,490 shares in the company, valued at $7,997,328.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.30% of the company’s stock.

Vimeo Price Performance

Shares of NASDAQ VMEO opened at $5.10 on Friday. The business’s fifty day moving average price is $4.64 and its 200-day moving average price is $4.23. Vimeo, Inc. has a one year low of $3.02 and a one year high of $5.77. The stock has a market capitalization of $863.26 million, a PE ratio of 30.00 and a beta of 2.09.

Vimeo (NASDAQ:VMEO) last posted its earnings results on Monday, August 5th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. The firm had revenue of $104.38 million during the quarter, compared to the consensus estimate of $99.45 million. Vimeo had a net margin of 7.85% and a return on equity of 8.59%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $0.03 earnings per share. As a group, equities analysts expect that Vimeo, Inc. will post 0.08 EPS for the current fiscal 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.