Zurcher Kantonalbank Zurich Cantonalbank Purchases 8,775 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Vimeo, Inc. (NASDAQ:VMEO) by 30.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,439 shares of the company’s stock after purchasing an additional 8,775 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vimeo were worth $147,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Swiss National Bank increased its holdings in Vimeo by 1.4% in the 3rd quarter. Swiss National Bank now owns 326,618 shares of the company’s stock valued at $1,156,000 after buying an additional 4,600 shares during the period. Principal Financial Group Inc. increased its stake in Vimeo by 33.7% in the third quarter. Principal Financial Group Inc. now owns 21,939 shares of the company’s stock valued at $78,000 after acquiring an additional 5,534 shares during the period. Covestor Ltd lifted its stake in Vimeo by 3,726.9% during the third quarter. Covestor Ltd now owns 9,108 shares of the company’s stock worth $32,000 after purchasing an additional 8,870 shares during the period. Algert Global LLC lifted its stake in Vimeo by 2.7% during the third quarter. Algert Global LLC now owns 364,273 shares of the company’s stock worth $1,290,000 after purchasing an additional 9,540 shares during the period. Finally, Perigon Wealth Management LLC acquired a new stake in Vimeo during the fourth quarter valued at approximately $47,000. 84.97% of the stock is currently owned by institutional investors and hedge funds.

Vimeo Stock Up 0.5 %

Shares of VMEO stock opened at $3.94 on Thursday. The company has a market capitalization of $662.08 million, a P/E ratio of 30.31 and a beta of 2.02. Vimeo, Inc. has a 12-month low of $3.02 and a 12-month high of $5.77. The firm has a 50-day moving average price of $4.26 and a 200 day moving average price of $3.92.

Vimeo (NASDAQ:VMEO) last announced its earnings results on Monday, May 6th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. Vimeo had a return on equity of 6.07% and a net margin of 5.28%. The business had revenue of $104.91 million for the quarter, compared to the consensus estimate of $100.40 million. Vimeo’s revenue was up 1.3% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler restated a “neutral” rating and set a $4.50 target price (up previously from $4.00) on shares of Vimeo in a research report on Tuesday.

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.