Vimeo, Inc. (NASDAQ:VMEO) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC lowered its position in Vimeo, Inc. (NASDAQ:VMEO) by 8.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 229,095 shares of the company’s stock after selling 20,181 shares during the quarter. Gotham Asset Management LLC owned about 0.14% of Vimeo worth $1,466,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in shares of Vimeo by 2.9% in the third quarter. Franklin Resources Inc. now owns 145,603 shares of the company’s stock valued at $702,000 after acquiring an additional 4,134 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Vimeo by 18.1% in the third quarter. JPMorgan Chase & Co. now owns 324,420 shares of the company’s stock valued at $1,638,000 after acquiring an additional 49,699 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Vimeo by 96.0% in the fourth quarter. SG Americas Securities LLC now owns 91,190 shares of the company’s stock valued at $584,000 after acquiring an additional 44,657 shares in the last quarter. Wesbanco Bank Inc. bought a new position in shares of Vimeo in the fourth quarter valued at approximately $128,000. Finally, Joel Isaacson & Co. LLC boosted its holdings in shares of Vimeo by 62.0% in the fourth quarter. Joel Isaacson & Co. LLC now owns 129,815 shares of the company’s stock valued at $831,000 after acquiring an additional 49,669 shares in the last quarter. Institutional investors and hedge funds own 84.97% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on VMEO shares. Jefferies Financial Group decreased their price objective on shares of Vimeo from $7.00 to $5.40 and set a “hold” rating for the company 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 report on Tuesday, May 6th.

Vimeo Stock Performance

VMEO stock opened at $4.70 on Friday. The stock has a market cap of $774.80 million, a P/E ratio of 29.38 and a beta of 2.17. The firm has a 50 day simple moving average of $5.05 and a 200 day simple moving average of $5.95. Vimeo, Inc. has a 52 week low of $3.45 and a 52 week high of $7.90.

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

About Vimeo

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.