Quintet Private Bank Europe S.A. Has $101,000 Stock Position in Vimeo, Inc. (NASDAQ:VMEO)

Quintet Private Bank Europe S.A. increased its stake in shares of Vimeo, Inc. (NASDAQ:VMEO) by 18.1% in the third quarter, Holdings Channel reports. The firm owned 20,000 shares of the company’s stock after buying an additional 3,063 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Vimeo were worth $101,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in VMEO. Lynrock Lake LP grew its stake in shares of Vimeo by 124.9% during the second quarter. Lynrock Lake LP now owns 15,731,386 shares of the company’s stock worth $58,678,000 after purchasing an additional 8,735,044 shares during the period. Kent Lake Capital LLC acquired a new position in Vimeo in the first quarter valued at about $5,112,000. Dimensional Fund Advisors LP grew its stake in Vimeo by 27.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,612,973 shares of the company’s stock valued at $17,207,000 after acquiring an additional 987,923 shares during the period. Renaissance Technologies LLC grew its stake in Vimeo by 14.8% in the second quarter. Renaissance Technologies LLC now owns 6,292,354 shares of the company’s stock valued at $23,470,000 after acquiring an additional 808,954 shares during the period. Finally, Divisar Capital Management LLC grew its stake in Vimeo by 10.5% in the second quarter. Divisar Capital Management LLC now owns 8,388,993 shares of the company’s stock valued at $31,291,000 after acquiring an additional 800,000 shares during the period. 84.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Vimeo news, CEO Philip D. Moyer bought 32,051 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was purchased at an average cost of $4.67 per share, for a total transaction of $149,678.17. Following the completion of the purchase, the chief executive officer now directly owns 1,712,490 shares of the company’s stock, valued at approximately $7,997,328.30. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 6.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on VMEO shares. Piper Sandler boosted their target price on Vimeo from $4.50 to $5.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Truist Financial upped their target price on Vimeo from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th.

Vimeo Trading Down 1.0 %

Vimeo stock opened at $4.81 on Tuesday. Vimeo, Inc. has a 12 month low of $3.25 and a 12 month high of $5.77. The stock’s 50 day moving average is $5.00 and its 200-day moving average is $4.33. The company has a market capitalization of $797.50 million, a price-to-earnings ratio of 24.05 and a beta of 2.08.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The business had revenue of $104.38 million for the quarter, compared to the consensus estimate of $99.45 million. Vimeo had a return on equity of 8.59% and a net margin of 7.85%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. As a group, equities research analysts predict that Vimeo, Inc. will post 0.08 earnings per share for the current fiscal 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.