Zurcher Kantonalbank Zurich Cantonalbank Buys 8,775 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Vimeo, Inc. (NASDAQ:VMEO) by 30.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 37,439 shares of the company’s stock after buying an additional 8,775 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vimeo were worth $147,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Vimeo by 3.3% in the third quarter. Vanguard Group Inc. now owns 15,259,338 shares of the company’s stock worth $54,018,000 after acquiring an additional 483,443 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Vimeo during the 3rd quarter valued at about $1,657,000. Boston Partners raised its holdings in shares of Vimeo by 25.6% during the 3rd quarter. Boston Partners now owns 1,185,683 shares of the company’s stock valued at $4,196,000 after buying an additional 242,025 shares in the last quarter. Acadian Asset Management LLC lifted its position in Vimeo by 10.2% in the 3rd quarter. Acadian Asset Management LLC now owns 2,322,643 shares of the company’s stock worth $8,218,000 after buying an additional 214,366 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Vimeo by 10.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,776,051 shares of the company’s stock worth $6,962,000 after buying an additional 174,892 shares in the last quarter. Institutional investors own 84.97% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler restated a “neutral” rating and issued a $4.50 price objective (up from $4.00) on shares of Vimeo in a report on Tuesday.

Vimeo Price Performance

Shares of VMEO stock opened at $3.94 on Thursday. The business has a 50-day moving average of $4.26 and a 200 day moving average of $3.92. The stock has a market capitalization of $662.08 million, a PE ratio of 30.31 and a beta of 2.02. Vimeo, Inc. has a 1-year low of $3.02 and a 1-year high of $5.77.

Vimeo (NASDAQ:VMEO) last released its quarterly earnings data on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. Vimeo had a return on equity of 6.07% and a net margin of 5.28%. The firm had revenue of $104.91 million during the quarter, compared to analyst estimates of $100.40 million. The business’s revenue for the quarter was up 1.3% on a year-over-year basis.

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.