Daiwa Securities Group Inc. Sells 3,056 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Daiwa Securities Group Inc. lowered its stake in shares of Vimeo, Inc. (NASDAQ:VMEO) by 15.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,240 shares of the company’s stock after selling 3,056 shares during the period. Daiwa Securities Group Inc.’s holdings in Vimeo were worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of VMEO. Vanguard Group Inc. increased its position in Vimeo by 3.3% in the third quarter. Vanguard Group Inc. now owns 15,259,338 shares of the company’s stock worth $54,018,000 after purchasing an additional 483,443 shares during the last quarter. Acadian Asset Management LLC increased its position in Vimeo by 10.2% in the third quarter. Acadian Asset Management LLC now owns 2,322,643 shares of the company’s stock worth $8,218,000 after purchasing an additional 214,366 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Vimeo by 10.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,776,051 shares of the company’s stock worth $6,962,000 after purchasing an additional 174,892 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Vimeo by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,201,414 shares of the company’s stock valued at $4,253,000 after acquiring an additional 31,773 shares during the last quarter. Finally, Boston Partners increased its position in Vimeo by 25.6% during the third quarter. Boston Partners now owns 1,185,683 shares of the company’s stock valued at $4,196,000 after acquiring an additional 242,025 shares during the last quarter. Institutional investors own 84.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “hold” rating and set a $4.00 price objective (down previously from $7.00) on shares of Vimeo in a research report on Friday, January 5th.

Vimeo Trading Up 5.4 %

Shares of VMEO opened at $3.69 on Friday. The firm has a market capitalization of $620.07 million, a P/E ratio of 28.39 and a beta of 2.04. Vimeo, Inc. has a 12-month low of $3.02 and a 12-month high of $5.77. The firm has a fifty day moving average price of $4.30 and a 200-day moving average price of $3.90.

Vimeo (NASDAQ:VMEO) last issued its earnings results on Wednesday, February 21st. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The firm had revenue of $105.54 million during the quarter, compared to analyst estimates of $102.37 million. Vimeo had a net margin of 5.28% and a return on equity of 6.07%. The business’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.03) earnings per share.

Vimeo 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.