HighTower Advisors LLC Acquires 31,800 Shares of Vimeo, Inc. (NASDAQ:VMEO)

HighTower Advisors LLC lifted its holdings in Vimeo, Inc. (NASDAQ:VMEO) by 66.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 79,952 shares of the company’s stock after purchasing an additional 31,800 shares during the quarter. HighTower Advisors LLC’s holdings in Vimeo were worth $403,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of VMEO. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Vimeo in the second quarter valued at approximately $41,000. DekaBank Deutsche Girozentrale bought a new stake in Vimeo in the 2nd quarter valued at $42,000. Hutchens & Kramer Investment Management Group LLC acquired a new position in Vimeo in the 3rd quarter worth $54,000. Nisa Investment Advisors LLC increased its holdings in Vimeo by 42.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 17,318 shares of the company’s stock worth $65,000 after purchasing an additional 5,160 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Vimeo by 1,715.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 23,600 shares of the company’s stock valued at $88,000 after purchasing an additional 22,300 shares during the period. 84.97% of the stock is owned by institutional investors.

Vimeo Price Performance

Shares of NASDAQ VMEO opened at $6.72 on Friday. Vimeo, Inc. has a fifty-two week low of $3.43 and a fifty-two week high of $7.90. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 33.60 and a beta of 2.23. The business has a 50-day moving average of $6.15 and a 200-day moving average of $5.02.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on VMEO shares. Truist Financial upped their price objective on Vimeo from $7.00 to $9.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. TD Cowen upped their price target on Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Finally, Piper Sandler raised shares of Vimeo from a “neutral” rating to an “overweight” rating and raised their price target 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.