Jane Street Group LLC Sells 66,428 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Jane Street Group LLC reduced its position in shares of Vimeo, Inc. (NASDAQ:VMEO) by 26.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,814 shares of the company’s stock after selling 66,428 shares during the period. Jane Street Group LLC’s holdings in Vimeo were worth $923,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hutchens & Kramer Investment Management Group LLC bought a new position in shares of Vimeo in the 3rd quarter valued at $54,000. DekaBank Deutsche Girozentrale acquired a new stake in Vimeo in the second quarter valued at about $42,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Vimeo in the second quarter valued at about $41,000. Quintet Private Bank Europe S.A. grew its position in Vimeo by 18.1% in the third quarter. Quintet Private Bank Europe S.A. now owns 20,000 shares of the company’s stock valued at $101,000 after acquiring an additional 3,063 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in Vimeo by 1,715.4% during the second quarter. Canada Pension Plan Investment Board now owns 23,600 shares of the company’s stock worth $88,000 after acquiring an additional 22,300 shares in the last quarter. 84.97% of the stock is currently owned by institutional investors.

Vimeo Trading Down 2.0 %

NASDAQ:VMEO opened at $6.40 on Wednesday. The stock’s 50-day moving average is $6.38 and its 200-day moving average is $5.16. Vimeo, Inc. has a 1-year low of $3.43 and a 1-year high of $7.90. The stock has a market cap of $1.06 billion, a P/E ratio of 32.00 and a beta of 2.23.

Vimeo (NASDAQ:VMEO) last posted its earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share 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 firm 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 firm posted $0.05 EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities analysts forecast that Vimeo, Inc. will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

VMEO has been the topic of a number of research analyst reports. TD Cowen raised their price target on shares of Vimeo from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Truist Financial raised their target price on shares of Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Piper Sandler raised shares of Vimeo from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $7.00 to $10.00 in a research note on Tuesday, December 10th.

Vimeo Company 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.