Vimeo, Inc. (NASDAQ:VMEO) Shares Purchased by Royce & Associates LP

Royce & Associates LP lifted its holdings in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 51.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 613,061 shares of the company's stock after acquiring an additional 209,033 shares during the period. Royce & Associates LP owned approximately 0.37% of Vimeo worth $3,096,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hsbc Holdings PLC raised its position in Vimeo by 2.5% in the second quarter. Hsbc Holdings PLC now owns 89,527 shares of the company's stock valued at $336,000 after purchasing an additional 2,180 shares during the period. Quintet Private Bank Europe S.A. raised its holdings in shares of Vimeo by 18.1% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 20,000 shares of the company's stock valued at $101,000 after buying an additional 3,063 shares during the period. Bleakley Financial Group LLC boosted its holdings in Vimeo by 6.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 59,045 shares of the company's stock worth $298,000 after acquiring an additional 3,327 shares during the period. Connors Investor Services Inc. grew its position in Vimeo by 16.0% in the second quarter. Connors Investor Services Inc. now owns 29,000 shares of the company's stock valued at $108,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of Vimeo by 53.4% during the first quarter. Covestor Ltd now owns 13,629 shares of the company's stock valued at $56,000 after purchasing an additional 4,743 shares during the period. Hedge funds and other institutional investors own 84.97% of the company's stock.

Analyst Ratings Changes

VMEO has been the subject of several analyst reports. TD Cowen upped their target price 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. Truist Financial raised their target price on Vimeo from $7.00 to $9.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Finally, Piper Sandler reissued a "neutral" rating and issued a $7.00 price target (up previously from $5.00) on shares of Vimeo in a report on Tuesday, November 5th.

Vimeo Trading Up 2.1 %

NASDAQ VMEO traded up $0.13 during trading hours on Tuesday, reaching $6.44. 1,070,774 shares of the company traded hands, compared to its average volume of 1,956,642. Vimeo, Inc. has a 12 month low of $3.43 and a 12 month high of $7.28. The company has a 50 day moving average of $5.33 and a two-hundred day moving average of $4.57. The stock has a market capitalization of $1.07 billion, a PE ratio of 32.20 and a beta of 2.08.

Vimeo (NASDAQ:VMEO - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share (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 analysts' expectations of $99.48 million. Vimeo had a return on equity of 8.56% and a net margin of 8.08%. Vimeo's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 earnings per share. On average, equities research analysts anticipate that Vimeo, Inc. will post 0.18 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.