Federated Hermes Inc. Sells 16,347 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Federated Hermes Inc. lessened its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 676,356 shares of the company’s stock after selling 16,347 shares during the period. Federated Hermes Inc.’s holdings in Vimeo were worth $2,651,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Vimeo by 30.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,439 shares of the company’s stock valued at $147,000 after purchasing an additional 8,775 shares in the last quarter. Perigon Wealth Management LLC acquired a new stake in Vimeo in the 4th quarter valued at approximately $47,000. Mirae Asset Global Investments Co. Ltd. raised its position in Vimeo by 10.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,776,051 shares of the company’s stock valued at $6,962,000 after buying an additional 174,892 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in Vimeo in the 4th quarter valued at approximately $306,000. Finally, SG Americas Securities LLC raised its position in Vimeo by 28.9% in the 4th quarter. SG Americas Securities LLC now owns 78,783 shares of the company’s stock valued at $309,000 after buying an additional 17,657 shares during the last quarter. Institutional investors own 84.97% of the company’s stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “hold” rating and issued a $4.00 target price (down previously from $7.00) on shares of Vimeo in a research report on Friday, January 5th.

Vimeo Stock Up 5.4 %

NASDAQ:VMEO opened at $3.69 on Friday. The firm has a market capitalization of $620.07 million, a price-to-earnings ratio of 28.39 and a beta of 2.04. Vimeo, Inc. has a twelve month low of $3.02 and a twelve month high of $5.77. The stock’s 50 day moving average price is $4.30 and its two-hundred day moving average price is $3.90.

Vimeo (NASDAQ:VMEO) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.06. The firm had revenue of $105.54 million for the quarter, compared to analyst estimates of $102.37 million. Vimeo had a return on equity of 6.07% and a net margin of 5.28%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.03) EPS.

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.