Vimeo, Inc. (NASDAQ:VMEO) Shares Purchased by Barclays PLC

Barclays PLC lifted its position in Vimeo, Inc. (NASDAQ:VMEO) by 203.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 240,655 shares of the company’s stock after purchasing an additional 161,469 shares during the quarter. Barclays PLC owned about 0.15% of Vimeo worth $1,215,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VMEO. Lynrock Lake LP boosted its holdings in Vimeo by 124.9% during the 2nd quarter. Lynrock Lake LP now owns 15,731,386 shares of the company’s stock valued at $58,678,000 after acquiring an additional 8,735,044 shares during the period. Divisar Capital Management LLC grew its position in shares of Vimeo by 10.5% in the 2nd quarter. Divisar Capital Management LLC now owns 8,388,993 shares of the company’s stock valued at $31,291,000 after buying an additional 800,000 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Vimeo by 14.8% in the 2nd quarter. Renaissance Technologies LLC now owns 6,292,354 shares of the company’s stock valued at $23,470,000 after purchasing an additional 808,954 shares during the period. Dimensional Fund Advisors LP boosted its stake in Vimeo by 27.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,612,973 shares of the company’s stock worth $17,207,000 after purchasing an additional 987,923 shares during the period. Finally, Harvey Partners LLC raised its stake in shares of Vimeo by 7.0% during the third quarter. Harvey Partners LLC now owns 4,035,000 shares of the company’s stock worth $20,377,000 after purchasing an additional 265,000 shares during the last quarter. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Analyst Upgrades and Downgrades

VMEO has been the subject of several recent analyst reports. Piper Sandler upgraded shares of Vimeo from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $7.00 to $10.00 in a research note on Tuesday, December 10th. Truist Financial increased their price target on Vimeo from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, TD Cowen raised their target price on shares of Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th.

Vimeo Stock Down 4.6 %

Shares of NASDAQ:VMEO opened at $6.66 on Monday. The firm has a 50-day simple moving average of $6.35 and a 200 day simple moving average of $5.14. The company has a market cap of $1.10 billion, a PE ratio of 33.30 and a beta of 2.23. Vimeo, Inc. has a fifty-two week low of $3.43 and a fifty-two week high of $7.90.

Vimeo (NASDAQ:VMEO) last announced its earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. The firm had revenue of $104.56 million for the quarter, compared to the consensus estimate of $99.48 million. Vimeo had a return on equity of 8.56% and a net margin of 8.08%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. As a group, research analysts forecast that Vimeo, Inc. will post 0.18 EPS for the current fiscal year.

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.