Rockefeller Capital Management L.P. lowered its holdings in Vimeo, Inc. (NASDAQ:VMEO – Get Rating) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 106,595 shares of the company's stock after selling 7,324 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.06% of Vimeo worth $426,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC boosted its stake in Vimeo by 549.7% in the third quarter. CWM LLC now owns 8,336 shares of the company's stock worth $33,000 after purchasing an additional 7,053 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in Vimeo in the first quarter worth $39,000. Captrust Financial Advisors boosted its stake in Vimeo by 31.5% in the second quarter. Captrust Financial Advisors now owns 10,190 shares of the company's stock worth $61,000 after purchasing an additional 2,443 shares in the last quarter. Avestar Capital LLC acquired a new position in Vimeo in the second quarter worth $63,000. Finally, Russell Investments Group Ltd. acquired a new position in Vimeo in the second quarter worth $79,000. Institutional investors and hedge funds own 83.89% of the company's stock.
Get Vimeo alerts:Wall Street Analyst Weigh In
VMEO has been the subject of a number of recent research reports. Cowen dropped their target price on Vimeo to $6.00 in a research report on Tuesday, November 1st. Piper Sandler dropped their target price on Vimeo from $7.00 to $5.00 in a research report on Thursday, November 3rd. Finally, Wells Fargo & Company dropped their target price on Vimeo from $10.00 to $7.25 and set an "overweight" rating for the company in a research report on Thursday, January 19th.
Vimeo Trading Down 3.0 %
NASDAQ VMEO opened at $4.26 on Tuesday. The stock has a 50-day simple moving average of $3.80 and a 200 day simple moving average of $4.66. The company has a market capitalization of $709.03 million, a PE ratio of -7.10 and a beta of 1.55. Vimeo, Inc. has a 12 month low of $3.07 and a 12 month high of $15.52.Vimeo (NASDAQ:VMEO – Get Rating) last released its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.05. The business had revenue of $108.13 million during the quarter, compared to the consensus estimate of $106.39 million. Vimeo had a negative return on equity of 22.74% and a negative net margin of 22.72%. As a group, sell-side analysts predict that Vimeo, Inc. will post -0.61 earnings per share for the current fiscal year.
Vimeo 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.
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