Connor Clark & Lunn Investment Management Ltd. Buys 79,537 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Vimeo, Inc. (NASDAQ:VMEO) by 44.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 259,182 shares of the company’s stock after purchasing an additional 79,537 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.16% of Vimeo worth $1,659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in Vimeo during the fourth quarter worth approximately $30,000. Allworth Financial LP grew its position in shares of Vimeo by 5,662.8% during the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company’s stock worth $31,000 after buying an additional 4,870 shares during the period. Wealthfront Advisers LLC bought a new stake in shares of Vimeo in the 4th quarter valued at $36,000. EP Wealth Advisors LLC acquired a new position in shares of Vimeo during the 3rd quarter valued at $51,000. Finally, Apollon Wealth Management LLC bought a new position in Vimeo during the fourth quarter worth $72,000. Institutional investors and hedge funds own 84.97% of the company’s stock.

Analyst Ratings Changes

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

Vimeo Stock Up 2.4 %

NASDAQ VMEO opened at $5.46 on Thursday. Vimeo, Inc. has a 52 week low of $3.43 and a 52 week high of $7.90. The business has a 50 day moving average price of $6.13 and a 200-day moving average price of $5.96. The company has a market cap of $900.09 million, a price-to-earnings ratio of 34.13 and a beta of 2.22.

Vimeo (NASDAQ:VMEO) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $100.60 million. On average, equities research analysts anticipate that Vimeo, Inc. will post 0.16 earnings per share 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.