Vimeo, Inc. $VMEO Shares Sold by Versor Investments LP

Versor Investments LP reduced its stake in Vimeo, Inc. (NASDAQ:VMEO) by 80.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,800 shares of the company’s stock after selling 119,100 shares during the period. Versor Investments LP’s holdings in Vimeo were worth $116,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Pinnacle Associates Ltd. boosted its holdings in shares of Vimeo by 45.0% in the 2nd quarter. Pinnacle Associates Ltd. now owns 811,234 shares of the company’s stock valued at $3,277,000 after buying an additional 251,820 shares in the last quarter. MQS Management LLC raised its stake in Vimeo by 237.5% during the 2nd quarter. MQS Management LLC now owns 45,514 shares of the company’s stock worth $184,000 after acquiring an additional 32,030 shares in the last quarter. R Squared Ltd purchased a new stake in Vimeo in the second quarter valued at $92,000. Connors Investor Services Inc. boosted its stake in Vimeo by 68.4% in the second quarter. Connors Investor Services Inc. now owns 33,241 shares of the company’s stock valued at $134,000 after acquiring an additional 13,500 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in Vimeo in the second quarter valued at $45,000. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Vimeo Stock Up 0.4%

Shares of VMEO stock opened at $7.83 on Friday. The stock’s 50-day moving average price is $7.28 and its 200 day moving average price is $5.33. The stock has a market capitalization of $1.30 billion, a PE ratio of 391.70 and a beta of 2.21. Vimeo, Inc. has a 52-week low of $3.64 and a 52-week high of $7.90.

Vimeo (NASDAQ:VMEO) last posted its quarterly earnings data on Tuesday, October 28th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The company had revenue of $105.76 million for the quarter, compared to analyst estimates of $106.03 million. Vimeo had a return on equity of 0.40% and a net margin of 0.38%. Analysts expect that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vimeo in a research report on Wednesday, October 8th. Truist Financial restated a “hold” rating and set a $7.85 price target (down previously from $8.00) on shares of Vimeo in a research note on Friday, September 12th. Piper Sandler lowered Vimeo from an “overweight” rating to a “hold” rating and set a $7.85 price target on the stock. in a research report on Wednesday, September 10th. Wall Street Zen downgraded Vimeo from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Zacks Research lowered shares of Vimeo from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Vimeo currently has an average rating of “Reduce” and a consensus target price of $7.03.

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.