Rhumbline Advisers Sells 6,142 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Rhumbline Advisers cut its stake in shares of Vimeo, Inc. (NASDAQ:VMEO) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 345,807 shares of the company’s stock after selling 6,142 shares during the period. Rhumbline Advisers owned about 0.21% of Vimeo worth $2,213,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. EP Wealth Advisors LLC bought a new position in shares of Vimeo in the third quarter worth approximately $51,000. Apollon Wealth Management LLC purchased a new position in Vimeo during the fourth quarter valued at $72,000. Quintet Private Bank Europe S.A. increased its holdings in Vimeo by 18.1% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 20,000 shares of the company’s stock valued at $101,000 after acquiring an additional 3,063 shares during the last quarter. Wesbanco Bank Inc. purchased a new stake in Vimeo in the 4th quarter worth $128,000. Finally, Point72 DIFC Ltd purchased a new stake in Vimeo in the 3rd quarter worth $141,000. 84.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VMEO. Truist Financial lifted their price objective 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. TD Cowen lifted their target price 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 boosted their target price for the company from $7.00 to $10.00 in a research note on Tuesday, December 10th.

Vimeo Trading Down 3.4 %

Shares of NASDAQ VMEO opened at $5.69 on Tuesday. Vimeo, Inc. has a 12-month low of $3.43 and a 12-month high of $7.90. The stock’s fifty day simple moving average is $6.41 and its two-hundred day simple moving average is $5.93. The stock has a market capitalization of $938.01 million, a PE ratio of 35.56 and a beta of 2.21.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $103.16 million during the quarter, compared to analysts’ expectations of $100.60 million. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. On average, equities analysts predict that Vimeo, Inc. will post 0.16 earnings per share 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.