Vimeo, Inc. (NASDAQ:VMEO) Stock Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 18.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 324,420 shares of the company's stock after purchasing an additional 49,699 shares during the period. JPMorgan Chase & Co. owned 0.20% of Vimeo worth $1,638,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its holdings in Vimeo by 2.9% in the third quarter. Franklin Resources Inc. now owns 145,603 shares of the company's stock valued at $702,000 after acquiring an additional 4,134 shares during the last quarter. Barclays PLC lifted its stake in shares of Vimeo by 203.9% in the 3rd quarter. Barclays PLC now owns 240,655 shares of the company's stock valued at $1,215,000 after purchasing an additional 161,469 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Vimeo by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,770,805 shares of the company's stock valued at $19,046,000 after purchasing an additional 181,137 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Vimeo during the 3rd quarter worth about $51,000. Finally, Point72 DIFC Ltd purchased a new position in Vimeo in the third quarter valued at approximately $141,000. 84.97% of the stock is currently owned by institutional investors and hedge funds.

Vimeo Stock Up 2.4 %

Shares of NASDAQ VMEO traded up $0.15 during trading on Friday, reaching $6.52. 884,870 shares of the stock were exchanged, compared to its average volume of 1,236,631. The business's 50-day moving average price is $6.62 and its 200 day moving average price is $5.47. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 32.60 and a beta of 2.20. Vimeo, Inc. has a twelve month low of $3.43 and a twelve month high of $7.90.

Vimeo (NASDAQ:VMEO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.04. Vimeo had a net margin of 8.08% and a return on equity of 8.56%. The company 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 company posted $0.05 EPS. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Vimeo, Inc. will post 0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.