Russell Investments Group Ltd. Increases Holdings in Vimeo, Inc. $VMEO

Russell Investments Group Ltd. increased its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,493,852 shares of the company’s stock after purchasing an additional 77,665 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.90% of Vimeo worth $6,034,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VMEO. Boston Partners boosted its stake in Vimeo by 52.5% in the 2nd quarter. Boston Partners now owns 6,910,547 shares of the company’s stock worth $27,920,000 after purchasing an additional 2,378,772 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Vimeo by 74.3% in the second quarter. Prudential Financial Inc. now owns 20,050 shares of the company’s stock worth $81,000 after buying an additional 8,545 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Vimeo by 14.0% during the second quarter. Rhumbline Advisers now owns 385,642 shares of the company’s stock worth $1,558,000 after acquiring an additional 47,442 shares during the last quarter. Legal & General Group Plc grew its stake in Vimeo by 4.8% during the second quarter. Legal & General Group Plc now owns 165,973 shares of the company’s stock valued at $671,000 after acquiring an additional 7,550 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in Vimeo by 10.6% in the 2nd quarter. Intech Investment Management LLC now owns 96,559 shares of the company’s stock valued at $390,000 after acquiring an additional 9,241 shares during the last quarter. Institutional investors own 84.97% of the company’s stock.

Vimeo Trading Up 0.1%

Shares of NASDAQ:VMEO opened at $7.85 on Friday. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 392.70 and a beta of 2.21. Vimeo, Inc. has a 12 month low of $3.64 and a 12 month high of $7.90. The company has a 50-day moving average price of $7.79 and a 200 day moving average price of $5.72.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings data on Tuesday, October 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The company had revenue of $105.76 million for the quarter, compared to analysts’ expectations of $106.03 million. Vimeo had a net margin of 0.38% and a return on equity of 0.40%. As a group, equities analysts forecast that Vimeo, Inc. will post 0.16 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on VMEO. Truist Financial reiterated a “hold” rating and issued a $7.85 price target (down previously from $8.00) on shares of Vimeo in a research note on Friday, September 12th. Wall Street Zen downgraded Vimeo from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Piper Sandler lowered Vimeo from an “overweight” rating to a “hold” rating and set a $7.85 price target for the company. in a research note on Wednesday, September 10th. Zacks Research downgraded Vimeo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Vimeo in a report on Tuesday, November 25th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $7.03.

Vimeo Company Profile

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.