Algert Global LLC Decreases Stake in Vimeo, Inc. (NASDAQ:VMEO)

Algert Global LLC cut its holdings in Vimeo, Inc. (NASDAQ:VMEO) by 53.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,758 shares of the company’s stock after selling 109,517 shares during the period. Algert Global LLC owned about 0.06% of Vimeo worth $361,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC increased its holdings in shares of Vimeo by 2.5% in the 2nd quarter. Hsbc Holdings PLC now owns 89,527 shares of the company’s stock valued at $336,000 after acquiring an additional 2,180 shares during the last quarter. Connors Investor Services Inc. raised its holdings in Vimeo by 16.0% during the second quarter. Connors Investor Services Inc. now owns 29,000 shares of the company’s stock worth $108,000 after purchasing an additional 4,000 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in shares of Vimeo by 0.6% during the 1st quarter. Pinnacle Associates Ltd. now owns 721,060 shares of the company’s stock worth $2,949,000 after buying an additional 4,442 shares during the last quarter. Covestor Ltd lifted its position in shares of Vimeo by 53.4% during the 1st quarter. Covestor Ltd now owns 13,629 shares of the company’s stock worth $56,000 after buying an additional 4,743 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Vimeo by 6.8% in the 2nd quarter. Principal Financial Group Inc. now owns 79,941 shares of the company’s stock valued at $298,000 after buying an additional 5,107 shares during the last quarter. 84.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vimeo

In other news, CEO Philip D. Moyer purchased 32,051 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of $4.67 per share, for a total transaction of $149,678.17. Following the completion of the purchase, the chief executive officer now directly owns 1,712,490 shares in the company, valued at $7,997,328.30. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Truist Financial upped their price objective on shares of Vimeo from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Piper Sandler upped their target price on Vimeo from $4.50 to $5.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th.

Vimeo Price Performance

Shares of NASDAQ:VMEO opened at $4.91 on Wednesday. Vimeo, Inc. has a 1-year low of $3.02 and a 1-year high of $5.77. The stock has a market cap of $814.08 million, a P/E ratio of 28.88 and a beta of 2.08. The firm has a fifty day moving average price of $4.92 and a 200 day moving average price of $4.19.

Vimeo (NASDAQ:VMEO) last released its quarterly earnings results on Monday, August 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Vimeo had a return on equity of 8.59% and a net margin of 7.85%. The firm had revenue of $104.38 million for the quarter, compared to analyst estimates of $99.45 million. During the same quarter last year, the company posted $0.03 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. Sell-side analysts expect that Vimeo, Inc. will post 0.08 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.