SG Americas Securities LLC Makes New Investment in Vimeo, Inc. (NASDAQ:VMEO)

SG Americas Securities LLC purchased a new position in Vimeo, Inc. (NASDAQ:VMEO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 46,533 shares of the company’s stock, valued at approximately $235,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC purchased a new position in Vimeo during the second quarter valued at approximately $41,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Vimeo during the second quarter worth approximately $42,000. Headlands Technologies LLC boosted its stake in Vimeo by 4,565.2% during the first quarter. Headlands Technologies LLC now owns 11,943 shares of the company’s stock worth $49,000 after buying an additional 11,687 shares during the last quarter. Covestor Ltd boosted its stake in Vimeo by 53.4% during the first 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, Nisa Investment Advisors LLC lifted its stake in shares of Vimeo by 42.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 17,318 shares of the company’s stock valued at $65,000 after purchasing an additional 5,160 shares during the last quarter. Institutional investors and hedge funds own 84.97% of the company’s stock.

Vimeo Trading Down 1.4 %

Vimeo stock opened at $4.86 on Tuesday. The stock has a 50 day moving average of $5.05 and a two-hundred day moving average of $4.25. The stock has a market capitalization of $805.79 million, a price-to-earnings ratio of 24.30 and a beta of 2.08. Vimeo, Inc. has a twelve month low of $3.02 and a twelve month high of $5.77.

Vimeo (NASDAQ:VMEO) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. The business had revenue of $104.38 million during the quarter, compared to analysts’ expectations of $99.45 million. Vimeo had a return on equity of 8.59% and a net margin of 7.85%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.03 EPS. Equities analysts predict that Vimeo, Inc. will post 0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Vimeo news, CEO Philip D. Moyer purchased 32,051 shares of Vimeo stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average cost of $4.67 per share, with a total value of $149,678.17. Following the acquisition, the chief executive officer now directly owns 1,712,490 shares of the company’s stock, valued at $7,997,328.30. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.30% of the company’s stock.

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.