Vanguard Personalized Indexing Management LLC Takes $41,000 Position in Vimeo, Inc. (NASDAQ:VMEO)

Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Vimeo, Inc. (NASDAQ:VMEO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,268 shares of the company’s stock, valued at approximately $41,000.

Other large investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in Vimeo by 75.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,493,555 shares of the company’s stock valued at $21,535,000 after purchasing an additional 2,360,405 shares in the last quarter. Kent Lake Capital LLC acquired a new stake in shares of Vimeo in the first quarter worth $5,112,000. Dimensional Fund Advisors LP boosted its stake 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 worth $17,207,000 after buying an additional 987,923 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Vimeo by 14.8% in the second quarter. Renaissance Technologies LLC now owns 6,292,354 shares of the company’s stock valued at $23,470,000 after buying an additional 808,954 shares in the last quarter. Finally, Circumference Group LLC acquired a new position in shares of Vimeo during the 4th quarter worth approximately $2,267,000. Institutional investors own 84.97% of the company’s stock.

Vimeo Stock Performance

NASDAQ VMEO opened at $5.00 on Wednesday. The business has a fifty day moving average price of $4.83 and a 200 day moving average price of $4.21. The company has a market cap of $829 million, a P/E ratio of 29.41 and a beta of 2.09. Vimeo, Inc. has a one year low of $3.02 and a one year high of $5.77.

Vimeo (NASDAQ:VMEO) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Vimeo had a net margin of 7.85% and a return on equity of 8.59%. The firm had revenue of $104.38 million for the quarter, compared to analyst estimates of $99.45 million. During the same period in the previous year, the business posted $0.03 earnings per share. Vimeo’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts predict that Vimeo, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Piper Sandler lifted their target price on shares of Vimeo from $4.50 to $5.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Truist Financial raised their price target on shares of Vimeo from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th.

Insider Transactions at Vimeo

In related news, CEO Philip D. Moyer purchased 32,051 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average price of $4.67 per share, with a total value of $149,678.17. Following the completion of the acquisition, the chief executive officer now owns 1,712,490 shares in the company, valued at $7,997,328.30. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 6.30% of the company’s stock.

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.