Vimeo, Inc. (NASDAQ:VMEO) Position Increased by Boston Partners

Boston Partners lifted its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 465.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,194,421 shares of the company's stock after buying an additional 983,198 shares during the period. Boston Partners owned approximately 0.72% of Vimeo worth $7,643,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VMEO. Harvey Partners LLC boosted its position in Vimeo by 7.0% during the 3rd quarter. Harvey Partners LLC now owns 4,035,000 shares of the company's stock worth $20,377,000 after acquiring an additional 265,000 shares during the period. Geode Capital Management LLC lifted its holdings in Vimeo by 5.0% in the third quarter. Geode Capital Management LLC now owns 3,770,805 shares of the company's stock worth $19,046,000 after purchasing an additional 181,137 shares during the period. FMR LLC grew its position in Vimeo by 65.1% in the 3rd quarter. FMR LLC now owns 1,392,457 shares of the company's stock valued at $7,032,000 after buying an additional 548,812 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Vimeo by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,268,020 shares of the company's stock valued at $8,115,000 after buying an additional 9,135 shares during the period. Finally, Royce & Associates LP raised its position in shares of Vimeo by 15.2% during the 4th quarter. Royce & Associates LP now owns 706,415 shares of the company's stock worth $4,521,000 after buying an additional 93,354 shares in the last quarter. 84.97% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Separately, Piper Sandler upgraded shares of Vimeo from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $7.00 to $10.00 in a report on Tuesday, December 10th.

Vimeo Trading Down 3.0 %

VMEO stock traded down $0.17 during trading hours on Wednesday, hitting $5.46. 1,135,977 shares of the stock traded hands, compared to its average volume of 1,642,688. The stock has a 50-day simple moving average of $6.08 and a 200 day simple moving average of $5.97. The company has a market cap of $900.09 million, a P/E ratio of 34.13 and a beta of 2.22. Vimeo, Inc. has a one year low of $3.43 and a one year high of $7.90.

Vimeo (NASDAQ:VMEO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The company had revenue of $103.16 million for the quarter, compared to analysts' expectations of $100.60 million. Analysts forecast that Vimeo, Inc. will post 0.16 earnings per share for the current year.

Vimeo Profile

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.