D. E. Shaw & Co. Inc. Buys 477,130 Shares of Vimeo, Inc. (NASDAQ:VMEO)

D. E. Shaw & Co. Inc. raised its stake in shares of Vimeo, Inc. (NASDAQ:VMEO) by 86.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,028,846 shares of the company’s stock after acquiring an additional 477,130 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Vimeo were worth $6,585,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Vimeo by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 17,432,831 shares of the company’s stock valued at $111,570,000 after buying an additional 134,171 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Vimeo by 6.8% during the fourth quarter. Renaissance Technologies LLC now owns 6,590,500 shares of the company’s stock valued at $42,179,000 after buying an additional 419,700 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Vimeo by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,863,223 shares of the company’s stock valued at $31,126,000 after buying an additional 60,174 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Vimeo by 24.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,653,453 shares of the company’s stock valued at $16,982,000 after buying an additional 513,178 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Vimeo by 3.9% during the fourth quarter. Northern Trust Corp now owns 1,445,576 shares of the company’s stock valued at $9,252,000 after buying an additional 54,554 shares in the last quarter. 84.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on VMEO shares. Jefferies Financial Group cut their target price on Vimeo from $7.00 to $5.40 and set a “hold” rating on the stock in a report on Monday, April 7th. Piper Sandler set a $8.00 price target on Vimeo and gave the company an “overweight” rating in a research report on Tuesday, May 6th.

Vimeo Stock Performance

Shares of NASDAQ:VMEO opened at $4.72 on Friday. The company has a market cap of $778.10 million, a P/E ratio of 29.50 and a beta of 2.17. The stock’s 50-day moving average is $5.06 and its 200-day moving average is $5.95. Vimeo, Inc. has a 52-week low of $3.45 and a 52-week high of $7.90.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The company had revenue of $103.03 million for the quarter, compared to the consensus estimate of $101.57 million. During the same period last year, the business posted $0.04 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. As a group, equities analysts predict that Vimeo, Inc. will post 0.16 EPS for the current 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.