Vimeo, Inc. (NASDAQ:VMEO) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in Vimeo, Inc. (NASDAQ:VMEO) by 27.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,312 shares of the company’s stock after selling 21,629 shares during the quarter. Principal Financial Group Inc.’s holdings in Vimeo were worth $294,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of VMEO. Price T Rowe Associates Inc. MD grew its position in Vimeo by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 181,579 shares of the company’s stock valued at $743,000 after acquiring an additional 5,776 shares in the last quarter. Bayesian Capital Management LP grew its position in Vimeo by 443.0% in the 1st quarter. Bayesian Capital Management LP now owns 109,579 shares of the company’s stock valued at $448,000 after acquiring an additional 89,400 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Vimeo by 18.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 928,413 shares of the company’s stock valued at $3,797,000 after acquiring an additional 143,025 shares in the last quarter. FourWorld Capital Management LLC acquired a new position in shares of Vimeo during the first quarter worth about $143,000. Finally, Williams & Novak LLC purchased a new stake in shares of Vimeo during the second quarter worth approximately $69,000. 84.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VMEO shares. Truist Financial upped their target price on shares of Vimeo from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Piper Sandler restated a “neutral” rating and set a $7.00 target price (up from $5.00) on shares of Vimeo in a research note on Tuesday, November 5th. Finally, TD Cowen upped their target price on shares of Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th.

Vimeo Stock Up 1.8 %

Shares of VMEO opened at $6.78 on Monday. The stock has a 50 day moving average price of $5.43 and a 200 day moving average price of $4.63. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 33.90 and a beta of 2.08. Vimeo, Inc. has a 52-week low of $3.43 and a 52-week high of $7.28.

Vimeo (NASDAQ:VMEO) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $104.56 million during the quarter, compared to the consensus estimate of $99.48 million. Vimeo had a return on equity of 8.56% and a net margin of 8.08%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 earnings per share. On average, equities analysts anticipate that Vimeo, Inc. will post 0.18 EPS for the current fiscal year.

Vimeo 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.