Joel Isaacson & Co. LLC Purchases 49,669 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Joel Isaacson & Co. LLC raised its position in Vimeo, Inc. (NASDAQ:VMEO) by 62.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,815 shares of the company’s stock after purchasing an additional 49,669 shares during the quarter. Joel Isaacson & Co. LLC owned 0.08% of Vimeo worth $831,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Wesbanco Bank Inc. acquired a new position in Vimeo during the 4th quarter worth about $128,000. SG Americas Securities LLC boosted its holdings in 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 during the last quarter. JPMorgan Chase & Co. increased its position in Vimeo by 18.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 324,420 shares of the company’s stock valued at $1,638,000 after purchasing an additional 49,699 shares during the period. Franklin Resources Inc. increased its position in Vimeo by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 145,603 shares of the company’s stock valued at $702,000 after purchasing an additional 4,134 shares during the period. Finally, Barclays PLC raised its holdings in Vimeo by 203.9% during the 3rd quarter. Barclays PLC now owns 240,655 shares of the company’s stock worth $1,215,000 after purchasing an additional 161,469 shares during the last quarter. 84.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VMEO has been the subject of a number of recent analyst reports. Piper Sandler upgraded Vimeo from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $7.00 to $10.00 in a report on Tuesday, December 10th. Truist Financial upped their target price on Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, TD Cowen lifted their target price on Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th.

Vimeo Stock Performance

Shares of Vimeo stock opened at $6.58 on Friday. The stock has a market capitalization of $1.09 billion, a PE ratio of 32.90 and a beta of 2.21. Vimeo, Inc. has a 52 week low of $3.43 and a 52 week high of $7.90. The stock has a 50 day moving average price of $6.64 and a two-hundred day moving average price of $5.70.

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.