SG Americas Securities LLC Buys 44,657 Shares of Vimeo, Inc. (NASDAQ:VMEO)

SG Americas Securities LLC increased its position in shares of Vimeo, Inc. (NASDAQ:VMEO) by 96.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,190 shares of the company’s stock after buying an additional 44,657 shares during the period. SG Americas Securities LLC owned 0.05% of Vimeo worth $584,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of VMEO. Dimensional Fund Advisors LP lifted its stake in shares of Vimeo by 27.3% in the 2nd 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 period. AQR Capital Management LLC increased its holdings in Vimeo by 11.1% in the second quarter. AQR Capital Management LLC now owns 227,981 shares of the company’s stock worth $850,000 after purchasing an additional 22,737 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Vimeo by 171.4% in the second quarter. Mackenzie Financial Corp now owns 200,627 shares of the company’s stock valued at $748,000 after buying an additional 126,706 shares during the period. Hutchens & Kramer Investment Management Group LLC bought a new position in shares of Vimeo during the 3rd quarter worth approximately $54,000. Finally, Bleakley Financial Group LLC grew its position in shares of Vimeo by 6.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 59,045 shares of the company’s stock worth $298,000 after buying an additional 3,327 shares during the period. Institutional investors and hedge funds own 84.97% of the company’s stock.

Vimeo Trading Down 1.5 %

VMEO opened at $6.71 on Friday. Vimeo, Inc. has a 1-year low of $3.43 and a 1-year high of $7.90. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 33.55 and a beta of 2.20. The company’s fifty day moving average price is $6.64 and its two-hundred day moving average price is $5.60.

Vimeo (NASDAQ:VMEO) last announced its quarterly 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 business had revenue of $104.56 million for the quarter, compared to analysts’ expectations of $99.48 million. Vimeo had a net margin of 8.08% and a return on equity of 8.56%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 EPS. As a group, equities analysts forecast that Vimeo, Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. TD Cowen increased their price objective 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. Finally, Piper Sandler raised Vimeo from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $7.00 to $10.00 in a research report on Tuesday, December 10th.

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.