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

Geode Capital Management LLC raised its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 5.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,770,805 shares of the company's stock after acquiring an additional 181,137 shares during the quarter. Geode Capital Management LLC owned approximately 2.27% of Vimeo worth $19,046,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VMEO shares. 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 research note on Tuesday, December 10th. Truist Financial upped their price target on shares of Vimeo from $7.00 to $9.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Finally, TD Cowen increased their price target on shares of Vimeo from $6.00 to $7.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th.

Vimeo Stock Down 4.6 %

Shares of VMEO stock traded down $0.32 during trading on Friday, reaching $6.66. 1,625,492 shares of the company's stock were exchanged, compared to its average volume of 1,912,557. Vimeo, Inc. has a twelve month low of $3.43 and a twelve month high of $7.90. The firm's fifty day moving average price is $6.35 and its 200-day moving average price is $5.14. The stock has a market capitalization of $1.10 billion, a PE ratio of 33.30 and a beta of 2.23.

Vimeo (NASDAQ:VMEO - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. The firm had revenue of $104.56 million for the quarter, compared to the consensus estimate of $99.48 million. Vimeo had a net margin of 8.08% and a return on equity of 8.56%. The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 earnings per share. As a group, analysts anticipate that Vimeo, Inc. will post 0.18 EPS for the current fiscal year.

Vimeo Company 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.