DekaBank Deutsche Girozentrale acquired a new position in shares of Vimeo, Inc. (NASDAQ:VMEO – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,216 shares of the company’s stock, valued at approximately $45,000.
Other large investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Vimeo during the second quarter worth $51,000. Focus Partners Wealth acquired a new stake in Vimeo in the first quarter worth $54,000. Amundi grew its holdings in Vimeo by 77.0% in the first quarter. Amundi now owns 12,352 shares of the company’s stock worth $60,000 after purchasing an additional 5,374 shares during the period. MQS Management LLC acquired a new stake in Vimeo in the first quarter worth $71,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in Vimeo in the second quarter worth $81,000. 84.97% of the stock is currently owned by institutional investors and hedge funds.
Vimeo Stock Performance
Vimeo stock opened at $7.78 on Tuesday. Vimeo, Inc. has a 1-year low of $3.64 and a 1-year high of $7.90. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 97.26 and a beta of 2.21. The firm’s fifty day moving average price is $6.62 and its two-hundred day moving average price is $5.15.
Analysts Set New Price Targets
VMEO has been the subject of a number of research reports. Truist Financial restated a “hold” rating and issued a $7.85 price target (down from $8.00) on shares of Vimeo in a report on Friday, September 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Vimeo in a report on Wednesday, October 8th. Zacks Research cut shares of Vimeo from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Piper Sandler cut shares of Vimeo from an “overweight” rating to a “hold” rating and set a $7.85 price target for the company. in a report on Wednesday, September 10th. Finally, Wall Street Zen cut shares of Vimeo from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Vimeo presently has an average rating of “Hold” and a consensus price target of $7.03.
Get Our Latest Analysis on VMEO
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.
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