Federated Hermes Inc. Has $4.52 Million Stock Holdings in Vimeo, Inc. (NASDAQ:VMEO)

Federated Hermes Inc. boosted its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 706,615 shares of the company’s stock after purchasing an additional 16,134 shares during the period. Federated Hermes Inc. owned about 0.43% of Vimeo worth $4,522,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Vimeo by 65.1% during the 3rd 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 period. JPMorgan Chase & Co. lifted its holdings in shares of Vimeo by 18.1% during the third quarter. JPMorgan Chase & Co. now owns 324,420 shares of the company’s stock valued at $1,638,000 after acquiring an additional 49,699 shares during the period. Barclays PLC boosted its stake in shares of Vimeo by 203.9% in the 3rd quarter. Barclays PLC now owns 240,655 shares of the company’s stock valued at $1,215,000 after purchasing an additional 161,469 shares in the last quarter. Truist Financial Corp bought a new stake in shares of Vimeo in the 4th quarter worth about $74,000. Finally, HighTower Advisors LLC increased its position in shares of Vimeo by 66.0% during the 3rd quarter. HighTower Advisors LLC now owns 79,952 shares of the company’s stock worth $403,000 after purchasing an additional 31,800 shares in the last quarter. 84.97% of the stock is owned by institutional investors and hedge funds.

Vimeo Stock Performance

Vimeo stock opened at $4.81 on Friday. The business’s fifty day moving average is $5.63 and its two-hundred day moving average is $5.96. The firm has a market cap of $792.94 million, a P/E ratio of 30.06 and a beta of 2.17. Vimeo, Inc. has a 52 week low of $3.43 and a 52 week high of $7.90.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $103.16 million for the quarter, compared to the consensus estimate 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 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reduced their price target on shares of Vimeo from $7.00 to $5.40 and set a “hold” rating on the stock in a research report on Monday, April 7th.

About Vimeo

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.