Barclays PLC Has $1.22 Million Holdings in Vimeo, Inc. (NASDAQ:VMEO)

Barclays PLC raised its stake in shares of Vimeo, Inc. (NASDAQ:VMEO) by 203.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 240,655 shares of the company’s stock after acquiring an additional 161,469 shares during the quarter. Barclays PLC’s holdings in Vimeo were worth $1,215,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC acquired a new position in Vimeo in the 2nd quarter valued at approximately $41,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Vimeo in the second quarter valued at $42,000. EP Wealth Advisors LLC bought a new position in Vimeo in the third quarter worth $51,000. Hutchens & Kramer Investment Management Group LLC acquired a new stake in Vimeo during the third quarter worth $54,000. Finally, Canada Pension Plan Investment Board increased its holdings in Vimeo by 1,715.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 23,600 shares of the company’s stock valued at $88,000 after buying an additional 22,300 shares during the period. Institutional investors own 84.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VMEO shares. TD Cowen lifted their target price on shares of Vimeo from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Truist Financial upped their price objective on Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Piper Sandler raised 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 research note on Tuesday, December 10th.

Vimeo Stock Performance

Shares of VMEO opened at $6.10 on Tuesday. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 30.50 and a beta of 2.20. The stock has a fifty day moving average price of $6.70 and a two-hundred day moving average price of $5.35. Vimeo, Inc. has a 52-week low of $3.43 and a 52-week high of $7.90.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. The business had revenue of $104.56 million for the quarter, compared to the consensus estimate of $99.48 million. Vimeo had a net margin of 8.08% and a return on equity of 8.56%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. As a group, research analysts predict that Vimeo, Inc. will post 0.18 EPS for the current fiscal 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.