River Global Investors LLP Has $1.37 Million Stock Position in Vimeo, Inc. (NASDAQ:VMEO)

River Global Investors LLP cut its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO) by 41.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 214,413 shares of the company’s stock after selling 153,556 shares during the quarter. River Global Investors LLP owned about 0.13% of Vimeo worth $1,373,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in Vimeo during the fourth quarter worth $30,000. Allworth Financial LP grew its position in Vimeo by 5,662.8% in the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company’s stock worth $31,000 after purchasing an additional 4,870 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Vimeo during the 3rd quarter worth about $51,000. Apollon Wealth Management LLC acquired a new position in shares of Vimeo during the fourth quarter valued at about $72,000. Finally, Truist Financial Corp bought a new stake in shares of Vimeo in the fourth quarter valued at about $74,000. 84.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Vimeo Price Performance

Shares of VMEO stock opened at $5.64 on Friday. The stock has a market cap of $929.77 million, a P/E ratio of 35.25 and a beta of 2.22. The stock has a fifty day moving average price of $6.33 and a 200 day moving average price of $5.93. Vimeo, Inc. has a one year low of $3.43 and a one year high of $7.90.

Vimeo (NASDAQ:VMEO) last issued its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $103.16 million for the quarter, compared to analyst estimates of $100.60 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. Equities research analysts anticipate 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.