Y Intercept Hong Kong Ltd Reduces Holdings in Vimeo, Inc. $VMEO

Y Intercept Hong Kong Ltd lowered its position in Vimeo, Inc. (NASDAQ:VMEO) by 56.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,474 shares of the company’s stock after selling 40,744 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Vimeo were worth $127,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MQS Management LLC boosted its stake in shares of Vimeo by 237.5% during the 2nd quarter. MQS Management LLC now owns 45,514 shares of the company’s stock worth $184,000 after purchasing an additional 32,030 shares during the period. R Squared Ltd bought a new stake in Vimeo in the second quarter worth about $92,000. Connors Investor Services Inc. boosted its position in shares of Vimeo by 68.4% during the second quarter. Connors Investor Services Inc. now owns 33,241 shares of the company’s stock valued at $134,000 after buying an additional 13,500 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Vimeo during the second quarter valued at approximately $45,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Vimeo during the second quarter valued at approximately $718,000. Institutional investors own 84.97% of the company’s stock.

Vimeo Stock Up 0.4%

Shares of NASDAQ VMEO opened at $7.83 on Monday. Vimeo, Inc. has a twelve month low of $3.64 and a twelve month high of $7.90. The firm has a market cap of $1.30 billion, a PE ratio of 391.70 and a beta of 2.21. The business has a fifty day simple moving average of $7.28 and a two-hundred day simple moving average of $5.34.

Vimeo (NASDAQ:VMEO) last posted its quarterly earnings results on Tuesday, October 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The firm had revenue of $105.76 million for the quarter, compared to the consensus estimate of $106.03 million. Vimeo had a return on equity of 0.40% and a net margin of 0.38%. On average, research analysts expect that Vimeo, Inc. will post 0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wall Street Zen lowered Vimeo from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Zacks Research lowered Vimeo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Truist Financial reiterated a “hold” rating and set a $7.85 target price (down from $8.00) on shares of Vimeo in a research report on Friday, September 12th. Piper Sandler cut shares of Vimeo from an “overweight” rating to a “hold” rating and set a $7.85 price target on the stock. in a report on Wednesday, September 10th. Finally, Weiss Ratings downgraded shares of Vimeo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $7.03.

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.