Quadrature Capital Ltd Buys 128,875 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Quadrature Capital Ltd grew its stake in shares of Vimeo, Inc. (NASDAQ:VMEO – Get Rating) by 909.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 143,047 shares of the company’s stock after purchasing an additional 128,875 shares during the period. Quadrature Capital Ltd owned approximately 0.09% of Vimeo worth $569,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Raymond James & Associates grew its position in Vimeo by 10.9% in the 1st quarter. Raymond James & Associates now owns 65,657 shares of the company’s stock valued at $780,000 after purchasing an additional 6,464 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Vimeo by 57.8% in the first quarter. Bank of New York Mellon Corp now owns 1,418,553 shares of the company’s stock valued at $16,853,000 after buying an additional 519,715 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Vimeo by 3.3% during the first quarter. HighTower Advisors LLC now owns 64,476 shares of the company’s stock valued at $730,000 after buying an additional 2,052 shares during the last quarter. Citigroup Inc. increased its position in shares of Vimeo by 49.4% during the first quarter. Citigroup Inc. now owns 61,157 shares of the company’s stock worth $726,000 after acquiring an additional 20,226 shares in the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Vimeo in the 1st quarter worth about $231,000. 83.89% of the stock is currently owned by institutional investors and hedge funds.

Vimeo Stock Down 2.8 %

Shares of VMEO stock opened at $3.43 on Friday. Vimeo, Inc. has a 52-week low of $3.07 and a 52-week high of $13.24. The company has a 50-day simple moving average of $4.02 and a two-hundred day simple moving average of $4.18.

Vimeo (NASDAQ:VMEO – Get Rating) last posted its quarterly earnings results on Monday, February 27th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.12. Vimeo had a negative net margin of 18.38% and a negative return on equity of 18.09%. The company had revenue of $105.56 million for the quarter, compared to analysts’ expectations of $105.00 million. During the same quarter in the previous year, the firm posted ($0.14) EPS. Vimeo’s revenue was down .5% on a year-over-year basis. Equities research analysts predict that Vimeo, Inc. will post -0.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wells Fargo & Company decreased their price objective on Vimeo from $10.00 to $7.25 and set an “overweight” rating for the company in a report on Thursday, January 19th. Cowen lowered their price target on Vimeo from $7.00 to $6.00 in a research report on Wednesday, March 1st.

Vimeo Profile

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Vimeo, Inc, together with its subsidiaries, provides video software solutions in New York and internationally. The company 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. It also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.