Geode Capital Management LLC Has $19.05 Million Stock Holdings in Vimeo, Inc. (NASDAQ:VMEO)

Geode Capital Management LLC grew its stake in shares of Vimeo, Inc. (NASDAQ:VMEO) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,770,805 shares of the company’s stock after purchasing an additional 181,137 shares during the period. Geode Capital Management LLC owned approximately 2.27% of Vimeo worth $19,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in VMEO. Lynrock Lake LP increased its position in Vimeo by 124.9% in the 2nd quarter. Lynrock Lake LP now owns 15,731,386 shares of the company’s stock valued at $58,678,000 after buying an additional 8,735,044 shares in the last quarter. Divisar Capital Management LLC increased its holdings in shares of Vimeo by 10.5% during the second quarter. Divisar Capital Management LLC now owns 8,388,993 shares of the company’s stock valued at $31,291,000 after acquiring an additional 800,000 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Vimeo by 14.8% during the second quarter. Renaissance Technologies LLC now owns 6,292,354 shares of the company’s stock valued at $23,470,000 after acquiring an additional 808,954 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Vimeo by 27.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,612,973 shares of the company’s stock worth $17,207,000 after purchasing an additional 987,923 shares during the period. Finally, Harvey Partners LLC lifted its holdings in shares of Vimeo by 7.0% in the 3rd quarter. Harvey Partners LLC now owns 4,035,000 shares of the company’s stock worth $20,377,000 after purchasing an additional 265,000 shares in the last quarter. Institutional investors and hedge funds own 84.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on VMEO shares. Truist Financial lifted their price objective on shares of Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. TD Cowen lifted their price target on Vimeo from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Piper Sandler raised Vimeo from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $7.00 to $10.00 in a research note on Tuesday, December 10th.

Vimeo Stock Down 4.6 %

Vimeo stock opened at $6.66 on Friday. Vimeo, Inc. has a 52 week low of $3.43 and a 52 week high of $7.90. The company’s 50 day moving average price is $6.35 and its two-hundred day moving average price is $5.14. The stock has a market cap of $1.10 billion, a P/E ratio of 33.30 and a beta of 2.23.

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

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.