Los Angeles Capital Management LLC Sells 14,988 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Los Angeles Capital Management LLC decreased its position in shares of Vimeo, Inc. (NASDAQ:VMEO) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 236,397 shares of the company’s stock after selling 14,988 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.14% of Vimeo worth $1,513,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC lifted its stake in Vimeo by 65.1% in the third quarter. FMR LLC now owns 1,392,457 shares of the company’s stock worth $7,032,000 after acquiring an additional 548,812 shares during the period. CWA Asset Management Group LLC bought a new stake in shares of Vimeo in the 3rd quarter valued at about $391,000. JPMorgan Chase & Co. lifted its position in shares of Vimeo by 18.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 324,420 shares of the company’s stock worth $1,638,000 after purchasing an additional 49,699 shares during the period. Barclays PLC boosted its stake in shares of Vimeo by 203.9% during the third quarter. Barclays PLC now owns 240,655 shares of the company’s stock valued at $1,215,000 after purchasing an additional 161,469 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Vimeo by 66.0% during the third quarter. HighTower Advisors LLC now owns 79,952 shares of the company’s stock valued at $403,000 after buying an additional 31,800 shares during the period. Institutional investors own 84.97% of the company’s stock.

Vimeo Stock Up 3.7 %

NASDAQ:VMEO opened at $5.89 on Friday. The stock has a market capitalization of $976.86 million, a price-to-earnings ratio of 36.81 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 firm has a 50 day moving average of $6.43 and a 200 day moving average of $5.92.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $103.16 million for the quarter, compared to the consensus estimate of $100.60 million. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. As a group, analysts expect that Vimeo, Inc. will post 0.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VMEO. Piper Sandler upgraded Vimeo from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $7.00 to $10.00 in a report on Tuesday, December 10th. Truist Financial upped their price objective on Vimeo from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, TD Cowen raised their price objective on Vimeo from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th.

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.