Fmr LLC Raises Stock Holdings in Vimeo, Inc. (NASDAQ:VMEO)

Fmr LLC boosted its holdings in Vimeo, Inc. (NASDAQ:VMEO) by 65.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,392,457 shares of the company’s stock after purchasing an additional 548,812 shares during the period. Fmr LLC owned about 0.84% of Vimeo worth $7,032,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Dynamic Advisor Solutions LLC raised its stake in shares of Vimeo by 52.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 18,595 shares of the company’s stock valued at $69,000 after purchasing an additional 6,370 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Vimeo by 42.4% in the second quarter. Nisa Investment Advisors LLC now owns 17,318 shares of the company’s stock worth $65,000 after buying an additional 5,160 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Vimeo by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 638,944 shares of the company’s stock valued at $2,383,000 after acquiring an additional 34,316 shares during the period. Principal Financial Group Inc. grew its stake in Vimeo by 6.8% during the second quarter. Principal Financial Group Inc. now owns 79,941 shares of the company’s stock valued at $298,000 after acquiring an additional 5,107 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Vimeo by 84.0% during the 2nd quarter. Victory Capital Management Inc. now owns 55,737 shares of the company’s stock worth $208,000 after acquiring an additional 25,443 shares during the period. Institutional investors own 84.97% of the company’s stock.

Vimeo Price Performance

Shares of NASDAQ VMEO opened at $7.14 on Friday. The firm has a fifty day moving average price of $5.93 and a 200-day moving average price of $4.90. The stock has a market cap of $1.18 billion, a PE ratio of 35.70 and a beta of 2.23. Vimeo, Inc. has a 1 year low of $3.43 and a 1 year high of $7.90.

Vimeo (NASDAQ:VMEO) last issued its earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04. Vimeo had a return on equity of 8.56% and a net margin of 8.08%. The business had revenue of $104.56 million during the quarter, compared to analysts’ expectations of $99.48 million. During the same period in the prior year, the business earned $0.05 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, research analysts expect that Vimeo, Inc. will post 0.18 EPS for the current year.

Analyst Ratings Changes

VMEO has been the topic of several research reports. Truist Financial raised their price objective on shares of Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. TD Cowen lifted their price target on Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, Piper Sandler upgraded Vimeo from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $7.00 to $10.00 in a report on Tuesday.

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.