Fintel reports that Jackson Square Partners has filed a 13G/A form with the SEC disclosing ownership of 9.68MM shares of Vimeo, Inc. (VMEO). This represents 6.16% of the company.
In their previous filing dated February 11, 2022 they reported 7.89MM shares and 5.06% of the company, an increase in shares of 22.64% and an increase in total ownership of 1.10% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 69.61% Upside
As of February 9, 2023, the average one-year price target for Vimeo is $7.40. The forecasts range from a low of $5.05 to a high of $10.50. The average price target represents an increase of 69.61% from its latest reported closing price of $4.36.
The projected annual revenue for Vimeo is $463MM, an increase of 6.78%. The projected annual EPS is -$0.52.
What is the Fund Sentiment?
There are 475 funds or institutions reporting positions in Vimeo. This is a decrease of 96 owner(s) or 16.81% in the last quarter. Average portfolio weight of all funds dedicated to VMEO is 0.07%, a decrease of 0.97%. Total shares owned by institutions increased in the last three months by 2.05% to 165,688K shares. The put/call ratio of VMEO is 0.88, indicating a bullish outlook.
What are large shareholders doing?
Southeastern Asset Management holds 11,296K shares representing 6.79% ownership of the company. No change in the last quarter.
T. Rowe Price Investment Management holds 10,872K shares representing 6.53% ownership of the company.
LLSCX - Longleaf Partners Small-Cap Fund holds 6,461K shares representing 3.88% ownership of the company. No change in the last quarter.
Thrive Capital Management holds 5,853K shares representing 3.52% ownership of the company. No change in the last quarter.
Renaissance Technologies holds 4,296K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 2,849K shares, representing an increase of 33.68%. The firm increased its portfolio allocation in VMEO by 19.73% over the last quarter.
Vimeo Background Information
(This description is provided by the company.)
Vimeo, Inc. is an American video hosting, sharing, and services platform provider headquartered in New York City. Vimeo focuses on the delivery of high-definition video across a range of devices. Vimeos business model is through software as a service.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
