River & Mercantile Asset Management LLP Increases Holdings in Vimeo, Inc. (NASDAQ:VMEO)

River & Mercantile Asset Management LLP increased its stake in Vimeo, Inc. (NASDAQ:VMEO – Get Rating) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 191,847 shares of the company’s stock after purchasing an additional 14,350 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Vimeo were worth $762,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CWM LLC grew its position in shares of Vimeo by 549.7% in the third quarter. CWM LLC now owns 8,336 shares of the company’s stock valued at $33,000 after purchasing an additional 7,053 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in Vimeo during the first quarter worth about $39,000. Commonwealth Equity Services LLC purchased a new position in Vimeo during the third quarter worth about $41,000. Captrust Financial Advisors grew its position in Vimeo by 31.5% during the second quarter. Captrust Financial Advisors now owns 10,190 shares of the company’s stock worth $61,000 after buying an additional 2,443 shares in the last quarter. Finally, Petrus Trust Company LTA purchased a new position in Vimeo during the third quarter worth about $63,000. 83.89% of the stock is currently owned by hedge funds and other institutional investors.

Vimeo Trading Down 0.6 %

VMEO opened at $3.56 on Friday. The stock has a 50-day moving average price of $4.02 and a 200-day moving average price of $4.12. Vimeo, Inc. has a 12-month low of $3.07 and a 12-month high of $13.24. The stock has a market capitalization of $593.20 million, a P/E ratio of -7.42 and a beta of 1.87.

Vimeo (NASDAQ:VMEO – Get Rating) last posted its quarterly earnings data on Monday, February 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.12. Vimeo had a negative return on equity of 18.09% and a negative net margin of 18.38%. The firm had revenue of $105.56 million during the quarter, compared to analysts’ expectations of $105.00 million. During the same period in the prior year, the business earned ($0.14) EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts predict that Vimeo, Inc. will post -0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wells Fargo & Company reduced their target price on Vimeo from $10.00 to $7.25 and set an “overweight” rating for the company in a research report on Thursday, January 19th. Cowen reduced their target price on Vimeo from $7.00 to $6.00 in a research report on Wednesday, March 1st.

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.