Verition Fund Management LLC Grows Stock Position in Vimeo, Inc. (NASDAQ:VMEO)

Verition Fund Management LLC lifted its stake in shares of Vimeo, Inc. (NASDAQ:VMEO – Get Rating) by 51.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,110 shares of the company’s stock after purchasing an additional 7,900 shares during the quarter. Verition Fund Management LLC’s holdings in Vimeo were worth $92,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Walleye Capital LLC purchased a new stake in shares of Vimeo during the second quarter worth approximately $570,000. Keeley Teton Advisors LLC raised its stake in shares of Vimeo by 53.5% during the third quarter. Keeley Teton Advisors LLC now owns 44,000 shares of the company’s stock worth $176,000 after purchasing an additional 15,329 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Vimeo by 22.6% during the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 31,500 shares of the company’s stock worth $126,000 after purchasing an additional 5,800 shares during the last quarter. Quantbot Technologies LP purchased a new position in Vimeo in the third quarter worth $468,000. Finally, CWM LLC raised its position in Vimeo by 549.7% in the third quarter. CWM LLC now owns 8,336 shares of the company’s stock worth $33,000 after acquiring an additional 7,053 shares in the last quarter. Hedge funds and other institutional investors own 83.89% of the company’s stock.

Vimeo Stock Performance

Vimeo stock opened at $3.43 on Friday. The firm has a market capitalization of $571.54 million, a price-to-earnings ratio of -7.15 and a beta of 1.87. Vimeo, Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $13.24. The stock’s fifty day moving average is $4.02 and its two-hundred day moving average is $4.18.

Vimeo (NASDAQ:VMEO – Get Rating) last posted its earnings results on Monday, February 27th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.12. The company had revenue of $105.56 million for the quarter, compared to analyst estimates of $105.00 million. Vimeo had a negative return on equity of 18.09% and a negative net margin of 18.38%. Vimeo’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.14) earnings per share. As a group, sell-side analysts forecast that Vimeo, Inc. will post -0.45 EPS for the current fiscal year.

Analyst Ratings Changes

VMEO has been the subject of several research analyst reports. Cowen cut their price objective on Vimeo from $7.00 to $6.00 in a research report on Wednesday, March 1st. Wells Fargo & Company cut their price objective on Vimeo from $10.00 to $7.25 and set an “overweight” rating for the company in a research report on Thursday, January 19th.

About Vimeo

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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.