Vimeo, Inc. (NASDAQ:VMEO) Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its position in Vimeo, Inc. (NASDAQ:VMEO) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 799,100 shares of the company’s stock after acquiring an additional 44,400 shares during the period. Hillsdale Investment Management Inc. owned 0.48% of Vimeo worth $5,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in VMEO. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Vimeo by 22.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 179,645 shares of the company’s stock worth $907,000 after acquiring an additional 33,525 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Vimeo in the third quarter worth approximately $175,000. Algert Global LLC boosted its stake in shares of Vimeo by 3.5% in the third quarter. Algert Global LLC now owns 100,110 shares of the company’s stock worth $506,000 after acquiring an additional 3,352 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Vimeo during the third quarter worth $173,000. Finally, FMR LLC boosted its stake in Vimeo by 65.1% during the third quarter. FMR LLC now owns 1,392,457 shares of the company’s stock worth $7,032,000 after buying an additional 548,812 shares during the last quarter. 84.97% of the stock is owned by institutional investors and hedge funds.

Vimeo Stock Performance

NASDAQ VMEO opened at $5.47 on Friday. The stock’s fifty day moving average is $6.10 and its two-hundred day moving average is $5.96. The firm has a market capitalization of $901.74 million, a P/E ratio of 34.19 and a beta of 2.22. Vimeo, Inc. has a fifty-two week low of $3.43 and a fifty-two week high of $7.90.

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

Analyst Upgrades and Downgrades

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

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.