Vimeo, Inc. (NASDAQ:VMEO) Stock Position Lowered by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its position in Vimeo, Inc. (NASDAQ:VMEO) by 47.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,495 shares of the company’s stock after selling 18,533 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Vimeo were worth $136,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of VMEO. Quintet Private Bank Europe S.A. grew its position in Vimeo by 18.1% in the third quarter. Quintet Private Bank Europe S.A. now owns 20,000 shares of the company’s stock worth $101,000 after buying an additional 3,063 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Vimeo by 6.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 59,045 shares of the company’s stock worth $298,000 after acquiring an additional 3,327 shares in the last quarter. Algert Global LLC grew its holdings in shares of Vimeo by 3.5% in the 3rd quarter. Algert Global LLC now owns 100,110 shares of the company’s stock worth $506,000 after acquiring an additional 3,352 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Vimeo by 2.9% during the third quarter. Franklin Resources Inc. now owns 145,603 shares of the company’s stock worth $702,000 after purchasing an additional 4,134 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Vimeo by 2.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 284,948 shares of the company’s stock valued at $1,439,000 after purchasing an additional 5,772 shares during the last quarter. Institutional investors own 84.97% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on VMEO. Piper Sandler upgraded shares of Vimeo from a “neutral” rating to an “overweight” rating and upped their price target for the company from $7.00 to $10.00 in a research report on Tuesday, December 10th. Truist Financial boosted their target price on shares of Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, TD Cowen raised their target price on Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th.

Vimeo Trading Up 2.6 %

NASDAQ:VMEO opened at $6.63 on Friday. The firm has a market capitalization of $1.10 billion, a PE ratio of 33.15 and a beta of 2.21. Vimeo, Inc. has a 1 year low of $3.43 and a 1 year high of $7.90. The firm’s fifty day simple moving average is $6.63 and its 200 day simple moving average is $5.78.

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.