Counterpoint Mutual Funds LLC Grows Stake in Vimeo, Inc. (NASDAQ:VMEO)

Counterpoint Mutual Funds LLC grew its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO) by 132.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 109,060 shares of the company’s stock after buying an additional 62,135 shares during the period. Counterpoint Mutual Funds LLC owned 0.07% of Vimeo worth $698,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VMEO. SBI Securities Co. Ltd. purchased a new stake in shares of Vimeo in the 4th quarter worth about $30,000. Allworth Financial LP lifted its holdings in Vimeo by 5,662.8% in the fourth quarter. Allworth Financial LP now owns 4,956 shares of the company’s stock worth $31,000 after buying an additional 4,870 shares during the period. Wealthfront Advisers LLC purchased a new stake in Vimeo in the fourth quarter worth about $36,000. EP Wealth Advisors LLC purchased a new position in shares of Vimeo during the 3rd quarter worth approximately $51,000. Finally, Apollon Wealth Management LLC bought a new position in shares of Vimeo in the 4th quarter worth approximately $72,000. Institutional investors own 84.97% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler raised shares of Vimeo from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $7.00 to $10.00 in a research report on Tuesday, December 10th.

Vimeo Trading Up 1.7 %

Vimeo stock opened at $5.43 on Monday. Vimeo, Inc. has a 12 month low of $3.43 and a 12 month high of $7.90. The company has a market capitalization of $895.15 million, a price-to-earnings ratio of 33.94 and a beta of 2.22. The business’s fifty day simple moving average is $6.20 and its two-hundred day simple moving average is $5.96.

Vimeo (NASDAQ:VMEO) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $103.16 million for the quarter, compared to analysts’ expectations of $100.60 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. On average, equities 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.