Russell Investments Group Ltd. Has $1.06 Million Holdings in Vimeo, Inc. (NASDAQ:VMEO)

Russell Investments Group Ltd. raised its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO – Get Rating) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 307,806 shares of the company’s stock after buying an additional 22,255 shares during the quarter. Russell Investments Group Ltd. owned about 0.18% of Vimeo worth $1,056,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VMEO. Federated Hermes Inc. lifted its holdings in shares of Vimeo by 526,719.9% during the third quarter. Federated Hermes Inc. now owns 1,459,291 shares of the company’s stock worth $5,837,000 after buying an additional 1,459,014 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Vimeo by 50.8% in the third quarter. Renaissance Technologies LLC now owns 4,295,890 shares of the company’s stock valued at $17,184,000 after purchasing an additional 1,446,890 shares in the last quarter. BlackRock Inc. raised its stake in shares of Vimeo by 13.4% in the third quarter. BlackRock Inc. now owns 11,580,657 shares of the company’s stock valued at $46,321,000 after purchasing an additional 1,372,298 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Vimeo by 14.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 10,964,620 shares of the company’s stock valued at $66,007,000 after purchasing an additional 1,364,656 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Vimeo by 150.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,202,277 shares of the company’s stock valued at $8,809,000 after purchasing an additional 1,322,253 shares in the last quarter. 83.89% of the stock is currently owned by institutional investors and hedge funds.

Vimeo Price Performance

Shares of NASDAQ:VMEO opened at $3.76 on Friday. The business’s fifty day moving average price is $3.56 and its two-hundred day moving average price is $3.80. Vimeo, Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $9.15. The stock has a market capitalization of $623.37 million, a price-to-earnings ratio of -11.75 and a beta of 1.86.

Vimeo (NASDAQ:VMEO – Get Rating) last announced its earnings results on Monday, February 27th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.12. The company had revenue of $105.56 million for the quarter, compared to analysts’ expectations of $105.00 million. Vimeo had a negative return on equity of 15.35% and a negative net margin of 12.55%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.14) earnings per share. Research analysts expect that Vimeo, Inc. will post -0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Cowen cut their target price on Vimeo from $7.00 to $6.00 in a research note 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.