SBI Securities Co. Ltd. Purchases New Shares in Vimeo, Inc. (NASDAQ:VMEO)

SBI Securities Co. Ltd. purchased a new stake in Vimeo, Inc. (NASDAQ:VMEO) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,657 shares of the company’s stock, valued at approximately $30,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Algert Global LLC grew its stake in Vimeo by 3.5% in the 3rd quarter. Algert Global LLC now owns 100,110 shares of the company’s stock valued at $506,000 after acquiring an additional 3,352 shares during the period. Principal Financial Group Inc. boosted its stake in Vimeo by 6.5% during the 4th quarter. Principal Financial Group Inc. now owns 62,105 shares of the company’s stock worth $397,000 after purchasing an additional 3,793 shares during the last quarter. Franklin Resources Inc. boosted its stake in Vimeo by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 145,603 shares of the company’s stock worth $702,000 after purchasing an additional 4,134 shares during the last quarter. Allworth Financial LP boosted 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 purchasing an additional 4,870 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Vimeo by 2.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 284,948 shares of the company’s stock worth $1,439,000 after purchasing an additional 5,772 shares during the last quarter. Institutional investors and hedge funds own 84.97% of the company’s stock.

Vimeo Stock Down 1.1 %

NASDAQ VMEO opened at $5.38 on Thursday. Vimeo, Inc. has a 52 week low of $3.43 and a 52 week high of $7.90. The business’s fifty day simple moving average is $6.25 and its 200-day simple moving average is $5.95. The firm has a market cap of $886.90 million, a PE ratio of 33.63 and a beta of 2.22.

Vimeo (NASDAQ:VMEO) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The business had revenue of $103.16 million for the quarter, compared to analyst estimates of $100.60 million. Research analysts expect that Vimeo, Inc. will post 0.16 EPS for the current year.

Analysts Set New Price Targets

Separately, Piper Sandler raised shares of Vimeo from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $7.00 to $10.00 in a research note 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.