Vimeo, Inc. $VMEO Shares Sold by Versor Investments LP

Versor Investments LP reduced its position in shares of Vimeo, Inc. (NASDAQ:VMEO) by 80.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,800 shares of the company’s stock after selling 119,100 shares during the period. Versor Investments LP’s holdings in Vimeo were worth $116,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale acquired a new position in Vimeo during the 2nd quarter worth approximately $45,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Vimeo in the second quarter valued at approximately $51,000. Focus Partners Wealth purchased a new stake in shares of Vimeo in the first quarter valued at approximately $54,000. Amundi grew its holdings in Vimeo by 77.0% during the first quarter. Amundi now owns 12,352 shares of the company’s stock worth $60,000 after acquiring an additional 5,374 shares during the period. Finally, MQS Management LLC purchased a new position in Vimeo in the first quarter worth $71,000. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Vimeo Stock Up 0.4%

Vimeo stock opened at $7.83 on Friday. The firm has a market capitalization of $1.30 billion, a PE ratio of 391.70 and a beta of 2.21. Vimeo, Inc. has a 52 week low of $3.64 and a 52 week high of $7.90. The firm’s 50-day simple moving average is $7.28 and its 200 day simple moving average is $5.33.

Vimeo (NASDAQ:VMEO) last announced its 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). Vimeo had a return on equity of 0.40% and a net margin of 0.38%.The business had revenue of $105.76 million for the quarter, compared to analyst estimates of $106.03 million. On average, research analysts expect that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VMEO has been the subject of a number of recent analyst reports. Piper Sandler downgraded Vimeo from an “overweight” rating to a “hold” rating and set a $7.85 target price for the company. in a report on Wednesday, September 10th. Wall Street Zen downgraded shares of Vimeo from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Truist Financial reissued a “hold” rating and set a $7.85 price objective (down previously from $8.00) on shares of Vimeo in a report on Friday, September 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Vimeo in a research report on Wednesday, October 8th. Finally, Zacks Research cut shares of Vimeo from a “hold” rating to a “strong sell” rating in a report on Tuesday. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $7.03.

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.