State of New Jersey Common Pension Fund D Buys 64,457 Shares of Vimeo, Inc. (NASDAQ:VMEO)

State of New Jersey Common Pension Fund D grew its stake in shares of Vimeo, Inc. (NASDAQ:VMEO – Get Rating) by 47.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 201,530 shares of the company’s stock after purchasing an additional 64,457 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.12% of Vimeo worth $2,394,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of VMEO. Russell Investments Group Ltd. bought a new stake in shares of Vimeo during the 4th quarter valued at about $853,000. Janney Montgomery Scott LLC bought a new stake in Vimeo during the fourth quarter worth about $303,000. Dupont Capital Management Corp bought a new stake in Vimeo during the fourth quarter worth about $1,335,000. Xponance Inc. bought a new stake in Vimeo during the fourth quarter worth about $263,000. Finally, Qube Research & Technologies Ltd bought a new stake in Vimeo during the fourth quarter worth about $541,000. Institutional investors own 78.94% of the company’s stock.

Vimeo Trading Up 12.2 %

Shares of VMEO opened at $6.42 on Wednesday. The business’s fifty day simple moving average is $6.86 and its two-hundred day simple moving average is $10.06. Vimeo, Inc. has a 12 month low of $5.33 and a 12 month high of $45.88. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -12.59 and a beta of 1.56.

Vimeo (NASDAQ:VMEO – Get Rating) last issued its earnings results on Wednesday, May 4th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.08. Vimeo had a negative return on equity of 16.66% and a negative net margin of 20.13%. The business had revenue of $108.35 million for the quarter, compared to the consensus estimate of $106.32 million. As a group, research analysts forecast that Vimeo, Inc. will post -0.59 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered shares of Vimeo from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $18.00 to $10.00 in a research note on Thursday, May 5th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vimeo presently has a consensus rating of “Hold” and an average price target of $21.29.

Vimeo Company Profile

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Vimeo, Inc, together with its subsidiaries, provides video software solutions in New York and internationally. The company 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. It 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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