Los Angeles Capital Management LLC Sells 26,700 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Los Angeles Capital Management LLC lowered its position in Vimeo, Inc. (NASDAQ:VMEO) by 7.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 309,369 shares of the company’s stock after selling 26,700 shares during the period. Los Angeles Capital Management LLC owned about 0.18% of Vimeo worth $1,154,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Victory Capital Management Inc. grew its holdings in Vimeo by 22.7% during the fourth quarter. Victory Capital Management Inc. now owns 19,318 shares of the company’s stock valued at $76,000 after purchasing an additional 3,571 shares during the period. Pinnacle Associates Ltd. grew its holdings in Vimeo by 0.6% during the first quarter. Pinnacle Associates Ltd. now owns 721,060 shares of the company’s stock valued at $2,949,000 after purchasing an additional 4,442 shares during the period. Covestor Ltd grew its holdings in Vimeo by 53.4% during the first quarter. Covestor Ltd now owns 13,629 shares of the company’s stock valued at $56,000 after purchasing an additional 4,743 shares during the period. Principal Financial Group Inc. grew its holdings in Vimeo by 6.8% during the second quarter. Principal Financial Group Inc. now owns 79,941 shares of the company’s stock valued at $298,000 after purchasing an additional 5,107 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in Vimeo by 42.4% during the second quarter. Nisa Investment Advisors LLC now owns 17,318 shares of the company’s stock valued at $65,000 after purchasing an additional 5,160 shares during the period. Institutional investors own 84.97% of the company’s stock.

Vimeo Stock Down 2.1 %

Shares of Vimeo stock opened at $5.01 on Thursday. The stock’s 50-day simple moving average is $4.44 and its 200-day simple moving average is $4.21. Vimeo, Inc. has a 52 week low of $3.02 and a 52 week high of $5.77. The company has a market capitalization of $848.02 million, a price-to-earnings ratio of 29.47 and a beta of 2.08.

Vimeo (NASDAQ:VMEO) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. Vimeo had a return on equity of 8.59% and a net margin of 7.85%. The business had revenue of $104.38 million for the quarter, compared to the consensus estimate of $99.45 million. During the same period in the previous year, the business earned $0.03 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts expect that Vimeo, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Piper Sandler boosted their price target on Vimeo from $4.50 to $5.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Truist Financial boosted their price objective on Vimeo from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th.

Insider Buying and Selling

In other news, CEO Philip D. Moyer bought 32,051 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average cost of $4.67 per share, for a total transaction of $149,678.17. Following the completion of the transaction, the chief executive officer now owns 1,712,490 shares of the company’s stock, valued at $7,997,328.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.30% of the stock is owned by company insiders.

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.