Vimeo, Inc. (NASDAQ:VMEO) Shares Purchased by Zuckerman Investment Group LLC

Zuckerman Investment Group LLC boosted its holdings in Vimeo, Inc. (NASDAQ:VMEO) by 12.9% during the fourth quarter, HoldingsChannel reports. The fund owned 109,050 shares of the company’s stock after buying an additional 12,500 shares during the period. Zuckerman Investment Group LLC’s holdings in Vimeo were worth $724,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new stake in Vimeo during the 4th quarter worth about $30,000. Allworth Financial LP increased its stake in Vimeo by 5,662.8% in the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company’s stock valued at $31,000 after buying an additional 4,870 shares during the period. Wealthfront Advisers LLC acquired a new position in Vimeo during the fourth quarter worth $36,000. EP Wealth Advisors LLC acquired a new stake in shares of Vimeo in the 3rd quarter worth approximately $51,000. Finally, Xponance Inc. acquired a new stake in shares of Vimeo in the fourth quarter valued at approximately $67,000. 84.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group dropped their target price on Vimeo from $7.00 to $5.40 and set a “hold” rating for the company in a research note on Monday.

Vimeo Stock Performance

Shares of NASDAQ VMEO opened at $5.08 on Thursday. The firm has a market cap of $837.45 million, a price-to-earnings ratio of 31.75 and a beta of 2.17. Vimeo, Inc. has a 1 year low of $3.43 and a 1 year high of $7.90. The stock’s 50-day simple moving average is $5.71 and its 200-day simple moving average is $5.96.

Vimeo (NASDAQ:VMEO) last released its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The firm had revenue of $103.16 million during the quarter, compared to analyst estimates of $100.60 million. As a group, research analysts predict that Vimeo, Inc. will post 0.16 EPS for the current year.

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.