GMT Capital Corp Buys Stake in Vimeo Amid Financial Instability and Slow Growth

On April 24, 2023, it was announced that GMT Capital Corp had purchased a new position in Vimeo, Inc. (NASDAQ: VMEO) during the fourth quarter of the previous year. According to its latest Form 13F filing with the Securities & Exchange Commission, GMT Capital purchased 1,293,917 shares of the company’s stock valued at approximately $4,438,000. As a result of this purchase, GMT Capital Corp owned approximately 0.78% of Vimeo at the end of the most recent quarter. Vimeo is a video-sharing platform that has been gaining popularity over the past few years. As of now, it has over 200 million users worldwide and is considered one of the leading competitors to YouTube. The company’s success is largely due to its focus on providing high-quality videos for businesses and creative professionals. In February 2023, Vimeo posted its earnings report for the last quarter of 2022. The company reported earnings per share (EPS) of ($0.03), which was higher than analysts’ consensus estimates of ($0.15). This meant that Vimeo exceeded expectations by $0.12 per share. Despite this positive development in EPS figures, Vimeo had a negative return on equity (ROE) figure of 18.09% and a negative net margin percentage of 18.38%, reflecting financial
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