AlphaCrest Capital Management LLC Purchases a New Position in Vimeo, Inc. – Best Stocks

According to the most recent SEC filing that the company submitted, AlphaCrest Capital Management LLC purchased additional shares of Vimeo, INC (NASDAQ: VMEO) during the third fiscal quarter of the company’s current fiscal year. The investment fund purchased a total of 206,323 shares of the company’s stock at the cost of approximately $825,000. The most recent reporting period came to a close, with AlphaCrest Capital Management LLC being the owner of 0.12% of Vimeo. Due to VMEO’s impressive recent performance, several brokerage firms have expressed interest in the company. Within a research report published on January 19, Wells Fargo & Company lowered their price objective for Vimeo shares from $10.00 to $7.25. It downgraded the “overweight” rating they had previously assigned to the company’s stock. In a research report released on March 1, Cowen lowered their price estimate for Vimeo shares from $7.00 to $6.00. Recently, several prominent investors have changed the percentage of the company’s stock that they own in response to recent market fluctuations. The number of Vimeo shares that Dynamic Technology Lab Private Ltd owned increased by 2.7% over the first three months of 2018. Following the acquisition of 1,148 shares during the period in question, Dynamic
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