River & Mercantile Asset Management LLP Buys 14,350 Shares of Vimeo, Inc. (NASDAQ:VMEO)

River & Mercantile Asset Management LLP lifted its stake in shares of Vimeo, Inc. (NASDAQ:VMEO – Get Rating) by 8.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,847 shares of the company’s stock after acquiring an additional 14,350 shares during the quarter. River & Mercantile Asset Management LLP owned approximately 0.12% of Vimeo worth $762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new position in shares of Vimeo during the first quarter worth about $39,000. CWM LLC grew its stake in Vimeo by 549.7% during the third quarter. CWM LLC now owns 8,336 shares of the company’s stock worth $33,000 after purchasing an additional 7,053 shares during the period. MetLife Investment Management LLC acquired a new stake in Vimeo during the first quarter worth approximately $104,000. Captrust Financial Advisors grew its stake in Vimeo by 31.5% during the second quarter. Captrust Financial Advisors now owns 10,190 shares of the company’s stock worth $61,000 after purchasing an additional 2,443 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new stake in Vimeo during the third quarter worth approximately $41,000. 83.89% of the stock is currently owned by institutional investors.

Vimeo Stock Performance

Shares of Vimeo stock opened at $3.56 on Friday. Vimeo, Inc. has a 52 week low of $3.07 and a 52 week high of $13.24. The stock has a 50 day moving average price of $4.02 and a two-hundred day moving average price of $4.12. The stock has a market capitalization of $593.20 million, a PE ratio of -7.42 and a beta of 1.87.

Vimeo (NASDAQ:VMEO – Get Rating) last announced its quarterly earnings data on Monday, February 27th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.12. Vimeo had a negative return on equity of 18.09% and a negative net margin of 18.38%. The firm had revenue of $105.56 million during the quarter, compared to analysts’ expectations of $105.00 million. During the same quarter last year, the firm posted ($0.14) earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Research analysts forecast that Vimeo, Inc. will post -0.43 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VMEO shares. Cowen decreased their target price on Vimeo from $7.00 to $6.00 in a research note on Wednesday, March 1st. Wells Fargo & Company decreased their target price on Vimeo from $10.00 to $7.25 and set an “overweight” rating for the company in a research note on Thursday, January 19th.

Vimeo Company 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.