HighTower Advisors LLC Has $403,000 Stock Position in Vimeo, Inc. (NASDAQ:VMEO)

HighTower Advisors LLC increased its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO) by 66.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 79,952 shares of the company’s stock after purchasing an additional 31,800 shares during the period. HighTower Advisors LLC’s holdings in Vimeo were worth $403,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Lynrock Lake LP boosted its stake in shares of Vimeo by 124.9% during the 2nd quarter. Lynrock Lake LP now owns 15,731,386 shares of the company’s stock worth $58,678,000 after acquiring an additional 8,735,044 shares during the period. Divisar Capital Management LLC boosted its position in Vimeo by 10.5% during the second quarter. Divisar Capital Management LLC now owns 8,388,993 shares of the company’s stock worth $31,291,000 after purchasing an additional 800,000 shares during the period. Renaissance Technologies LLC boosted its position in 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 during the period. Dimensional Fund Advisors LP increased its holdings in shares of Vimeo by 27.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,612,973 shares of the company’s stock valued at $17,207,000 after purchasing an additional 987,923 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Vimeo by 3.8% in the second quarter. Acadian Asset Management LLC now owns 1,880,837 shares of the company’s stock valued at $7,013,000 after purchasing an additional 68,195 shares during the period. Institutional investors and hedge funds own 84.97% of the company’s stock.

Vimeo Stock Performance

VMEO stock opened at $6.72 on Friday. Vimeo, Inc. has a 52 week low of $3.43 and a 52 week high of $7.90. The company’s 50-day simple moving average is $6.15 and its 200 day simple moving average is $5.02. The company has a market capitalization of $1.11 billion, a PE ratio of 33.60 and a beta of 2.23.

Vimeo (NASDAQ:VMEO) last announced its earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Vimeo had a net margin of 8.08% and a return on equity of 8.56%. The firm had revenue of $104.56 million for the quarter, compared to analyst estimates of $99.48 million. During the same quarter in the prior year, the business posted $0.05 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. On average, analysts forecast that Vimeo, Inc. will post 0.18 EPS for the current year.

Analyst Ratings Changes

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

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.