Vimeo, Inc. $VMEO Shares Acquired by Boston Partners

Boston Partners increased its position in shares of Vimeo, Inc. (NASDAQ:VMEO) by 5.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,799,750 shares of the company’s stock after purchasing an additional 267,975 shares during the period. Boston Partners’ holdings in Vimeo were worth $19,392,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in VMEO. T. Rowe Price Investment Management Inc. raised its stake in shares of Vimeo by 74.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,484,430 shares of the company’s stock worth $55,149,000 after buying an additional 4,488,607 shares in the last quarter. Nuveen LLC purchased a new stake in Vimeo during the first quarter valued at about $15,363,000. Lynrock Lake LP increased its stake in Vimeo by 8.9% during the first quarter. Lynrock Lake LP now owns 15,217,094 shares of the company’s stock worth $80,042,000 after acquiring an additional 1,242,549 shares during the last quarter. Northern Right Capital Management L.P. purchased a new position in shares of Vimeo in the 1st quarter worth about $4,076,000. Finally, Pacer Advisors Inc. acquired a new position in shares of Vimeo in the 1st quarter valued at about $4,003,000. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Truist Financial restated a “hold” rating and issued a $7.85 price target (down previously from $8.00) on shares of Vimeo in a report on Friday, September 12th. Zacks Research lowered shares of Vimeo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Piper Sandler downgraded shares of Vimeo from an “overweight” rating to a “hold” rating and set a $7.85 target price on the stock. in a research note on Wednesday, September 10th. Wall Street Zen cut shares of Vimeo from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Weiss Ratings downgraded Vimeo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, November 7th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $7.03.

Vimeo Stock Performance

Shares of NASDAQ VMEO opened at $7.83 on Friday. Vimeo, Inc. has a 1 year low of $3.64 and a 1 year high of $7.90. The stock’s 50-day simple moving average is $7.57 and its 200-day simple moving average is $5.41. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 391.70 and a beta of 2.21.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings results on Tuesday, October 28th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Vimeo had a net margin of 0.38% and a return on equity of 0.40%. The business had revenue of $105.76 million during the quarter, compared to analysts’ expectations of $106.03 million. As a group, research analysts predict that Vimeo, Inc. will post 0.16 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.