Zuckerman Investment Group LLC Raises Stock Holdings in Vimeo, Inc. (NASDAQ:VMEO)

Zuckerman Investment Group LLC boosted its position in Vimeo, Inc. (NASDAQ:VMEO) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,050 shares of the company’s stock after acquiring an additional 12,500 shares during the quarter. Zuckerman Investment Group LLC owned 0.07% of Vimeo worth $724,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Capula Management Ltd purchased a new position in Vimeo in the 4th quarter valued at $274,000. Renaissance Technologies LLC increased its stake in shares of Vimeo by 6.8% during the 4th quarter. Renaissance Technologies LLC now owns 6,590,500 shares of the company’s stock worth $42,179,000 after purchasing an additional 419,700 shares in the last quarter. Invesco Ltd. lifted its position in shares of Vimeo by 4.6% in the fourth quarter. Invesco Ltd. now owns 447,568 shares of the company’s stock valued at $2,864,000 after acquiring an additional 19,777 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of Vimeo during the 4th quarter worth about $304,000. Finally, Federated Hermes Inc. raised its holdings in Vimeo by 2.3% in the 4th quarter. Federated Hermes Inc. now owns 706,615 shares of the company’s stock valued at $4,522,000 after acquiring an additional 16,134 shares during the last quarter. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Vimeo Stock Performance

VMEO stock opened at $5.08 on Thursday. Vimeo, Inc. has a 52 week low of $3.43 and a 52 week high of $7.90. The stock has a market cap of $837.45 million, a P/E ratio of 31.75 and a beta of 2.17. The firm has a 50 day simple moving average of $5.71 and a 200 day simple moving average of $5.96.

Vimeo (NASDAQ:VMEO) last issued its earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $103.16 million during the quarter, compared to analysts’ expectations of $100.60 million. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. Sell-side analysts predict that Vimeo, Inc. will post 0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group decreased their target price on Vimeo from $7.00 to $5.40 and set a “hold” rating for the company in a report on Monday.

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.