Principal Financial Group Inc. Has $397,000 Stock Position in Vimeo, Inc. (NASDAQ:VMEO)

Principal Financial Group Inc. increased its position in shares of Vimeo, Inc. (NASDAQ:VMEO) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 62,105 shares of the company’s stock after buying an additional 3,793 shares during the quarter. Principal Financial Group Inc.’s holdings in Vimeo were worth $397,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP raised its stake in Vimeo by 5,662.8% during the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company’s stock worth $31,000 after buying an additional 4,870 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Vimeo in the third quarter worth approximately $51,000. Apollon Wealth Management LLC purchased a new stake in shares of Vimeo in the fourth quarter worth approximately $72,000. Wesbanco Bank Inc. purchased a new stake in shares of Vimeo in the fourth quarter worth approximately $128,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Vimeo in the third quarter worth approximately $141,000. 84.97% of the stock is owned by institutional investors and hedge funds.

Vimeo Stock Up 2.0 %

Shares of Vimeo stock opened at $5.64 on Friday. The company has a market cap of $929.77 million, a PE ratio of 35.25 and a beta of 2.22. Vimeo, Inc. has a 52 week low of $3.43 and a 52 week high of $7.90. The business has a 50 day moving average price of $6.33 and a 200-day moving average price of $5.93.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $103.16 million during the quarter, compared to the consensus estimate of $100.60 million. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. As a group, research analysts anticipate that Vimeo, Inc. will post 0.16 EPS for the current year.

Analysts Set New Price Targets

Separately, Piper Sandler raised Vimeo from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $7.00 to $10.00 in a research note on Tuesday, December 10th.

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.