SG Americas Securities LLC Makes New Investment in Vimeo, Inc. (NASDAQ:VMEO)

SG Americas Securities LLC purchased a new position in shares of Vimeo, Inc. (NASDAQ:VMEO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 46,533 shares of the company’s stock, valued at approximately $235,000.

Several other hedge funds also recently bought and sold shares of the stock. Lynrock Lake LP increased its position in Vimeo by 124.9% during the second quarter. Lynrock Lake LP now owns 15,731,386 shares of the company’s stock worth $58,678,000 after buying an additional 8,735,044 shares in the last quarter. Divisar Capital Management LLC boosted its holdings in Vimeo by 10.5% in the second quarter. Divisar Capital Management LLC now owns 8,388,993 shares of the company’s stock valued at $31,291,000 after acquiring an additional 800,000 shares during the last quarter. Renaissance Technologies LLC lifted its stake 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 in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Vimeo by 27.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,612,973 shares of the company’s stock worth $17,207,000 after acquiring an additional 987,923 shares during the last quarter. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Vimeo Price Performance

VMEO opened at $4.86 on Tuesday. The company has a market capitalization of $805.79 million, a price-to-earnings ratio of 24.30 and a beta of 2.08. Vimeo, Inc. has a 1-year low of $3.02 and a 1-year high of $5.77. The business has a 50 day moving average price of $5.05 and a two-hundred day moving average price of $4.25.

Vimeo (NASDAQ:VMEO) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $99.45 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts expect that Vimeo, Inc. will post 0.08 EPS for the current fiscal year.

Insider Activity

In related news, CEO Philip D. Moyer acquired 32,051 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $4.67 per share, for a total transaction of $149,678.17. Following the transaction, the chief executive officer now owns 1,712,490 shares of the company’s stock, valued at approximately $7,997,328.30. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VMEO. Piper Sandler lifted their target price on Vimeo from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Truist Financial upped their target price on Vimeo from $6.00 to $7.00 and gave the company a “buy” rating in a report on Tuesday, August 6th.

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.