Vimeo, Inc. (NASDAQ:VMEO) Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,045 shares of the company’s stock after acquiring an additional 3,327 shares during the period. Bleakley Financial Group LLC’s holdings in Vimeo were worth $298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Lynrock Lake LP lifted its stake in Vimeo by 124.9% during the 2nd quarter. Lynrock Lake LP now owns 15,731,386 shares of the company’s stock valued at $58,678,000 after acquiring an additional 8,735,044 shares during the period. Divisar Capital Management LLC lifted its stake in shares of Vimeo by 10.5% in the 2nd quarter. Divisar Capital Management LLC now owns 8,388,993 shares of the company’s stock valued at $31,291,000 after purchasing an additional 800,000 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Vimeo by 14.8% in the 2nd quarter. Renaissance Technologies LLC now owns 6,292,354 shares of the company’s stock valued at $23,470,000 after purchasing an additional 808,954 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Vimeo by 75.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,493,555 shares of the company’s stock valued at $21,535,000 after purchasing an additional 2,360,405 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Vimeo by 27.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,612,973 shares of the company’s stock valued at $17,207,000 after purchasing an additional 987,923 shares during the period. 84.97% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vimeo news, CEO Philip D. Moyer bought 32,051 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of $4.67 per share, with a total value of $149,678.17. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on VMEO. Truist Financial boosted their target price 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 boosted their target price on shares of Vimeo from $4.50 to $5.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th.

Vimeo Stock Performance

NASDAQ:VMEO opened at $4.68 on Thursday. The company has a fifty day moving average of $5.05 and a two-hundred day moving average of $4.26. The stock has a market capitalization of $792.16 million, a PE ratio of 27.53 and a beta of 2.08. Vimeo, Inc. has a fifty-two week low of $3.02 and a fifty-two week high of $5.77.

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

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.