Algert Global LLC Purchases 3,352 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Algert Global LLC raised its position in Vimeo, Inc. (NASDAQ:VMEO) by 3.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,110 shares of the company’s stock after acquiring an additional 3,352 shares during the quarter. Algert Global LLC owned approximately 0.06% of Vimeo worth $506,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC bought a new position in shares of Vimeo in the 2nd quarter worth approximately $41,000. DekaBank Deutsche Girozentrale bought a new position in Vimeo in the second quarter worth approximately $42,000. Hutchens & Kramer Investment Management Group LLC bought a new stake in shares of Vimeo during the 3rd quarter valued at $54,000. Nisa Investment Advisors LLC increased its stake in shares of Vimeo by 42.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 17,318 shares of the company’s stock worth $65,000 after purchasing an additional 5,160 shares in the last quarter. Finally, Williams & Novak LLC bought a new position in Vimeo in the 2nd quarter worth $69,000. 84.97% of the stock is owned by hedge funds and other institutional investors.

Vimeo Stock Down 2.7 %

Shares of Vimeo stock opened at $6.53 on Friday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 32.65 and a beta of 2.08. The stock’s 50-day simple moving average is $5.58 and its 200-day simple moving average is $4.72. Vimeo, Inc. has a 52 week low of $3.43 and a 52 week high of $7.28.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on VMEO. Piper Sandler reissued a “neutral” rating and set a $7.00 price target (up previously from $5.00) on shares of Vimeo in a report on Tuesday, November 5th. Truist Financial boosted their price objective on Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, TD Cowen raised their target price on shares of Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a research note 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.