Vimeo, Inc. (NASDAQ:VMEO) Shares Sold by Palisade Capital Management LLC NJ

Palisade Capital Management LLC NJ lessened its stake in shares of Vimeo, Inc. (NASDAQ:VMEOGet Rating) by 3.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 174,160 shares of the company’s stock after selling 5,953 shares during the quarter. Palisade Capital Management LLC NJ owned about 0.11% of Vimeo worth $2,069,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in VMEO. Russell Investments Group Ltd. acquired a new position in shares of Vimeo during the fourth quarter valued at approximately $853,000. Janney Montgomery Scott LLC acquired a new position in shares of Vimeo during the fourth quarter valued at approximately $303,000. State of New Jersey Common Pension Fund D acquired a new position in Vimeo in the fourth quarter worth approximately $2,462,000. Xponance Inc. acquired a new position in Vimeo in the fourth quarter worth approximately $263,000. Finally, Qube Research & Technologies Ltd acquired a new position in Vimeo in the fourth quarter worth approximately $541,000. Institutional investors and hedge funds own 78.94% of the company’s stock.

Vimeo Stock Performance

Vimeo stock opened at $6.73 on Friday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -12.46 and a beta of 1.56. Vimeo, Inc. has a 1 year low of $5.33 and a 1 year high of $43.10. The firm’s 50 day moving average price is $6.71 and its two-hundred day moving average price is $9.91.

Vimeo (NASDAQ:VMEOGet Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.02. Vimeo had a negative net margin of 20.85% and a negative return on equity of 18.91%. The firm had revenue of $110.98 million for the quarter, compared to analysts’ expectations of $108.67 million. As a group, equities analysts predict that Vimeo, Inc. will post -0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered shares of Vimeo from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $18.00 to $10.00 in a research report on Thursday, May 5th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.29.

Vimeo Company 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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Institutional Ownership by Quarter for Vimeo (NASDAQ:VMEO)

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