Bleakley Financial Group LLC Sells 1,968 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Bleakley Financial Group LLC reduced its stake in Vimeo, Inc. (NASDAQ:VMEO) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,077 shares of the company’s stock after selling 1,968 shares during the period. Bleakley Financial Group LLC’s holdings in Vimeo were worth $365,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC grew its position in shares of Vimeo by 65.1% during the third quarter. FMR LLC now owns 1,392,457 shares of the company’s stock valued at $7,032,000 after purchasing an additional 548,812 shares in the last quarter. Harvey Partners LLC grew its holdings in Vimeo by 7.0% during the 3rd quarter. Harvey Partners LLC now owns 4,035,000 shares of the company’s stock valued at $20,377,000 after buying an additional 265,000 shares in the last quarter. Royce & Associates LP grew its holdings in Vimeo by 51.7% during the 3rd quarter. Royce & Associates LP now owns 613,061 shares of the company’s stock valued at $3,096,000 after buying an additional 209,033 shares in the last quarter. Geode Capital Management LLC increased its stake in Vimeo by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,770,805 shares of the company’s stock worth $19,046,000 after acquiring an additional 181,137 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Vimeo by 203.9% during the 3rd quarter. Barclays PLC now owns 240,655 shares of the company’s stock worth $1,215,000 after acquiring an additional 161,469 shares in the last quarter. 84.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VMEO shares. Piper Sandler upgraded shares of Vimeo from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $7.00 to $10.00 in a research report on Tuesday, December 10th. Truist Financial raised their price objective on shares of 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 upped their target price on Vimeo from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th.

Vimeo Price Performance

Shares of NASDAQ:VMEO opened at $6.46 on Wednesday. The business’s 50-day moving average is $6.64 and its 200 day moving average is $5.77. The firm has a market capitalization of $1.07 billion, a P/E ratio of 32.30 and a beta of 2.21. Vimeo, Inc. has a 1 year low of $3.43 and a 1 year high of $7.90.

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.