XTX Topco Ltd Buys 16,161 Shares of Vimeo, Inc. (NASDAQ:VMEO)

XTX Topco Ltd raised its stake in Vimeo, Inc. (NASDAQ:VMEO) by 48.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,745 shares of the company’s stock after purchasing an additional 16,161 shares during the period. XTX Topco Ltd’s holdings in Vimeo were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in Vimeo by 4.3% in the first quarter. Principal Financial Group Inc. now owns 64,792 shares of the company’s stock valued at $341,000 after purchasing an additional 2,687 shares during the last quarter. Bailard Inc. grew its stake in Vimeo by 3.5% during the 1st quarter. Bailard Inc. now owns 116,800 shares of the company’s stock worth $614,000 after buying an additional 3,900 shares during the last quarter. Sterling Capital Management LLC grew its stake in Vimeo by 780.4% during the 4th quarter. Sterling Capital Management LLC now owns 4,578 shares of the company’s stock worth $29,000 after buying an additional 4,058 shares during the last quarter. GAMMA Investing LLC grew its stake in Vimeo by 1,547.0% during the 1st quarter. GAMMA Investing LLC now owns 4,908 shares of the company’s stock worth $26,000 after buying an additional 4,610 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in Vimeo by 10.5% during the 1st quarter. Allianz Asset Management GmbH now owns 58,907 shares of the company’s stock worth $310,000 after buying an additional 5,596 shares during the last quarter. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Piper Sandler reaffirmed an “overweight” rating and set a $7.00 price target (down previously from $8.00) on shares of Vimeo in a research report on Tuesday, August 5th. Wall Street Zen raised Vimeo from a “hold” rating to a “buy” rating in a research report on Saturday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Vimeo presently has a consensus rating of “Moderate Buy” and an average target price of $7.10.

Vimeo Stock Down 2.6%

Shares of VMEO stock opened at $3.79 on Tuesday. The stock has a market cap of $628.04 million, a PE ratio of 47.38 and a beta of 2.00. The business has a 50-day simple moving average of $4.08 and a 200-day simple moving average of $4.92. Vimeo, Inc. has a 52-week low of $3.64 and a 52-week high of $7.90.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The business had revenue of $104.65 million during the quarter, compared to analysts’ expectations of $107.36 million. Vimeo had a return on equity of 3.31% and a net margin of 3.17%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 EPS. Sell-side analysts anticipate that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.

Vimeo 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.