Vimeo, Inc. (NASDAQ:VMEO) Position Trimmed by XTX Topco Ltd

XTX Topco Ltd trimmed its stake in Vimeo, Inc. (NASDAQ:VMEO) by 3.7% in the second quarter, Holdings Channel.com reports. The firm owned 54,859 shares of the company’s stock after selling 2,115 shares during the quarter. XTX Topco Ltd’s holdings in Vimeo were worth $205,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in VMEO. Goldman Sachs Group Inc. lifted its position in Vimeo by 75.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,493,555 shares of the company’s stock worth $21,535,000 after buying an additional 2,360,405 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its stake in Vimeo by 350.1% in the first quarter. Susquehanna Fundamental Investments LLC now owns 275,423 shares of the company’s stock valued at $1,126,000 after purchasing an additional 214,238 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Vimeo by 18.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 928,413 shares of the company’s stock valued at $3,797,000 after purchasing an additional 143,025 shares in the last quarter. Circumference Group LLC acquired a new position in Vimeo in the 4th quarter worth about $2,267,000. Finally, Principal Financial Group Inc. raised its stake in shares of Vimeo by 288.9% during the 1st quarter. Principal Financial Group Inc. now owns 74,834 shares of the company’s stock worth $306,000 after purchasing an additional 55,593 shares in the last quarter. 84.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Vimeo

In other news, CEO Philip D. Moyer bought 32,051 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was purchased at an average price of $4.67 per share, with a total value of $149,678.17. Following the transaction, the chief executive officer now directly owns 1,712,490 shares in the company, valued at $7,997,328.30. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.30% of the stock is currently owned by company insiders.

Vimeo Stock Performance

VMEO opened at $5.15 on Monday. The stock has a 50-day moving average of $4.78 and a 200-day moving average of $4.22. Vimeo, Inc. has a 52-week low of $3.02 and a 52-week high of $5.77. The company has a market cap of $871.72 million, a PE ratio of 30.29 and a beta of 2.09.

Vimeo (NASDAQ:VMEO) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. Vimeo had a return on equity of 8.59% and a net margin of 7.85%. The company had revenue of $104.38 million for the quarter, compared to the consensus estimate of $99.45 million. During the same quarter last year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, research analysts predict that Vimeo, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on VMEO shares. Truist Financial increased their price objective on Vimeo from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Piper Sandler raised their price target on shares of Vimeo from $4.50 to $5.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th.

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.