Vimeo, Inc. $VMEO Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC trimmed its position in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 18.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,114,462 shares of the company's stock after selling 472,080 shares during the quarter. Acadian Asset Management LLC owned about 1.28% of Vimeo worth $8,536,000 as of its most recent SEC filing.

Is Rumble Revving Up for Growth or Just Sputtering?

Other institutional investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new position in Vimeo during the 2nd quarter worth about $45,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Vimeo during the 2nd quarter worth about $51,000. Focus Partners Wealth acquired a new stake in Vimeo during the 1st quarter worth $54,000. Amundi increased its position in Vimeo by 77.0% during the first quarter. Amundi now owns 12,352 shares of the company's stock worth $60,000 after buying an additional 5,374 shares during the period. Finally, MQS Management LLC purchased a new position in Vimeo during the 1st quarter worth $71,000. Institutional investors and hedge funds own 84.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Piper Sandler downgraded Vimeo from an "overweight" rating to a "hold" rating and set a $7.85 target price on the stock. in a research note on Wednesday, September 10th. Zacks Research lowered Vimeo from a "hold" rating to a "strong sell" rating in a research note on Tuesday, November 4th. Weiss Ratings cut shares of Vimeo from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, November 7th. Wall Street Zen cut shares of Vimeo from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, Truist Financial restated a "hold" rating and issued a $7.85 price target (down previously from $8.00) on shares of Vimeo in a report on Friday, September 12th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Vimeo has a consensus rating of "Reduce" and an average price target of $7.03.

Is Vimeo worth another look as it turns profitable?

Check Out Our Latest Analysis on Vimeo

Vimeo Stock Down 0.3%

Shares of NASDAQ VMEO opened at $7.82 on Thursday. The stock has a market capitalization of $1.30 billion, a P/E ratio of 391.20 and a beta of 2.21. The firm's 50-day moving average price is $7.50 and its two-hundred day moving average price is $5.39. Vimeo, Inc. has a 52-week low of $3.64 and a 52-week high of $7.90.

Vimeo Stock is an Enterprise Streaming Play

Vimeo (NASDAQ:VMEO - Get Free Report) last posted its earnings results on Tuesday, October 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.04). Vimeo had a net margin of 0.38% and a return on equity of 0.40%. The company had revenue of $105.76 million during the quarter, compared to the consensus estimate of $106.03 million. As a group, equities research analysts expect that Vimeo, Inc. will post 0.16 earnings per share for the current year.

About Vimeo

(Free Report)

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.

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