Integrated Quantitative Investments LLC Buys Shares of 124,004 Vimeo, Inc. (NASDAQ:VMEO)

Integrated Quantitative Investments LLC purchased a new stake in Vimeo, Inc. (NASDAQ:VMEO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 124,004 shares of the company’s stock, valued at approximately $794,000. Integrated Quantitative Investments LLC owned 0.07% of Vimeo at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Vimeo in the 4th quarter valued at about $30,000. Allworth Financial LP raised its stake in shares of 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 acquiring an additional 4,870 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of Vimeo in the 4th quarter worth approximately $36,000. EP Wealth Advisors LLC purchased a new position in shares of Vimeo during the 3rd quarter worth approximately $51,000. Finally, Xponance Inc. acquired a new stake in Vimeo in the 4th quarter valued at approximately $67,000. Institutional investors and hedge funds own 84.97% of the company’s stock.

Analyst Upgrades and Downgrades

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

Vimeo Stock Performance

Shares of VMEO opened at $4.75 on Friday. The company’s 50-day simple moving average is $5.90 and its 200-day simple moving average is $5.97. Vimeo, Inc. has a 1 year low of $3.43 and a 1 year high of $7.90. The stock has a market capitalization of $783.05 million, a PE ratio of 29.69 and a beta of 2.22.

Vimeo (NASDAQ:VMEO) last released its 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 analyst estimates of $100.60 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. On average, sell-side analysts predict that Vimeo, Inc. will post 0.16 earnings per share for the current year.

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.