Vimeo, Inc. (NASDAQ:VMEO) Shares Acquired by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. lifted its stake in shares of Vimeo, Inc. (NASDAQ:VMEO) by 18.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the company’s stock after buying an additional 3,063 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Vimeo were worth $101,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Pinnacle Associates Ltd. grew its position in shares of Vimeo by 1.0% during the third quarter. Pinnacle Associates Ltd. now owns 716,618 shares of the company’s stock worth $3,619,000 after buying an additional 6,967 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in Vimeo by 6.0% during the third quarter. Bleakley Financial Group LLC now owns 59,045 shares of the company’s stock worth $298,000 after purchasing an additional 3,327 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC bought a new position in Vimeo during the third quarter worth $54,000. SG Americas Securities LLC bought a new position in Vimeo during the third quarter worth $235,000. Finally, Aristides Capital LLC bought a new position in Vimeo during the second quarter worth $670,000. Institutional investors and hedge funds own 84.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Piper Sandler raised their price objective on Vimeo from $4.50 to $5.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Truist Financial raised their price objective on Vimeo from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th.

Vimeo Stock Performance

VMEO stock opened at $4.81 on Tuesday. Vimeo, Inc. has a 1 year low of $3.25 and a 1 year high of $5.77. The stock’s fifty day moving average is $5.00 and its two-hundred day moving average is $4.33. The stock has a market capitalization of $797.50 million, a price-to-earnings ratio of 24.05 and a beta of 2.08.

Vimeo (NASDAQ:VMEO) last released its earnings results on Monday, August 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $104.38 million for the quarter, compared to analyst estimates of $99.45 million. Vimeo had a return on equity of 8.59% and a net margin of 7.85%. Vimeo’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 earnings per share. As a group, analysts predict that Vimeo, Inc. will post 0.08 EPS for the current fiscal year.

Insider Transactions at Vimeo

In other Vimeo news, CEO Philip D. Moyer acquired 32,051 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of $4.67 per share, for a total transaction of $149,678.17. Following the completion of the acquisition, the chief executive officer now owns 1,712,490 shares of the company’s stock, valued at approximately $7,997,328.30. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.30% of the stock is currently owned by company insiders.

About Vimeo

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.