New York State Common Retirement Fund Raises Stock Position in Vimeo, Inc. (NASDAQ:VMEO)

New York State Common Retirement Fund lifted its position in Vimeo, Inc. (NASDAQ:VMEO) by 31.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,199 shares of the company’s stock after purchasing an additional 8,800 shares during the period. New York State Common Retirement Fund’s holdings in Vimeo were worth $238,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of VMEO. CWA Asset Management Group LLC purchased a new stake in Vimeo during the third quarter worth $391,000. Covestor Ltd grew its position in Vimeo by 115.3% during the 3rd quarter. Covestor Ltd now owns 28,298 shares of the company’s stock worth $143,000 after purchasing an additional 15,157 shares during the last quarter. River Global Investors LLP grew its position in Vimeo by 3.8% during the 3rd quarter. River Global Investors LLP now owns 367,969 shares of the company’s stock worth $1,860,000 after purchasing an additional 13,345 shares during the last quarter. Versor Investments LP purchased a new position in shares of Vimeo in the third quarter worth $166,000. Finally, GSA Capital Partners LLP raised its holdings in shares of Vimeo by 134.9% in the third quarter. GSA Capital Partners LLP now owns 162,488 shares of the company’s stock worth $821,000 after buying an additional 93,303 shares during the last quarter. 84.97% of the stock is owned by institutional investors.

Vimeo Stock Up 0.9 %

Shares of NASDAQ VMEO opened at $5.69 on Thursday. Vimeo, Inc. has a 52 week low of $3.43 and a 52 week high of $7.90. The business’s 50 day moving average price is $6.36 and its 200 day moving average price is $5.94. The firm has a market cap of $938.01 million, a P/E ratio of 35.56 and a beta of 2.21.

Vimeo (NASDAQ:VMEO) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The business had revenue of $103.16 million for the quarter, compared to the consensus estimate of $100.60 million. As a group, research analysts expect that Vimeo, Inc. will post 0.16 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Piper Sandler upgraded Vimeo from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $7.00 to $10.00 in a research note on Tuesday, December 10th.

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.