Connor Clark & Lunn Investment Management Ltd. Increases Stock Position in Vimeo, Inc. (NASDAQ:VMEO)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in Vimeo, Inc. (NASDAQ:VMEO) by 22.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 179,645 shares of the company’s stock after acquiring an additional 33,525 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.11% of Vimeo worth $907,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWA Asset Management Group LLC purchased a new stake in Vimeo in the third quarter valued at $391,000. Jacobs Levy Equity Management Inc. lifted its position in Vimeo by 18.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 928,413 shares of the company’s stock valued at $3,797,000 after acquiring an additional 143,025 shares during the last quarter. Divisar Capital Management LLC lifted its position in Vimeo by 10.5% in the second quarter. Divisar Capital Management LLC now owns 8,388,993 shares of the company’s stock valued at $31,291,000 after acquiring an additional 800,000 shares during the last quarter. Renaissance Technologies LLC lifted its position in Vimeo by 14.8% in the second quarter. Renaissance Technologies LLC now owns 6,292,354 shares of the company’s stock valued at $23,470,000 after acquiring an additional 808,954 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its position in Vimeo by 134.9% in the third quarter. GSA Capital Partners LLP now owns 162,488 shares of the company’s stock valued at $821,000 after acquiring an additional 93,303 shares during the last quarter. 84.97% of the stock is owned by hedge funds and other institutional investors.

Vimeo Stock Up 0.3 %

Shares of Vimeo stock opened at $6.71 on Thursday. Vimeo, Inc. has a 52-week low of $3.43 and a 52-week high of $7.28. The company’s 50-day simple moving average is $5.49 and its 200-day simple moving average is $4.67. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 33.55 and a beta of 2.08.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Vimeo had a net margin of 8.08% and a return on equity of 8.56%. The business had revenue of $104.56 million for the quarter, compared to analyst estimates of $99.48 million. During the same period in the previous year, the business posted $0.05 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. Equities research analysts anticipate that Vimeo, Inc. will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Truist Financial upped their target price on shares of Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. TD Cowen upped their target price on shares of Vimeo from $6.00 to $7.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $7.00 target price (up from $5.00) on shares of Vimeo in a report on Tuesday, November 5th.

About Vimeo

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.