PDT Partners LLC Trims Stock Position in Vimeo, Inc. (NASDAQ:VMEO)

PDT Partners LLC reduced its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 79.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 26,243 shares of the company's stock after selling 102,088 shares during the period. PDT Partners LLC's holdings in Vimeo were worth $133,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lynrock Lake LP grew its stake 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 during the last quarter. Dimensional Fund Advisors LP grew its stake in Vimeo by 27.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,612,973 shares of the company's stock worth $17,207,000 after buying an additional 987,923 shares during the last quarter. Renaissance Technologies LLC grew its stake in Vimeo by 14.8% during the 2nd quarter. Renaissance Technologies LLC now owns 6,292,354 shares of the company's stock worth $23,470,000 after buying an additional 808,954 shares during the last quarter. Divisar Capital Management LLC grew its stake in Vimeo by 10.5% during the 2nd quarter. Divisar Capital Management LLC now owns 8,388,993 shares of the company's stock worth $31,291,000 after buying an additional 800,000 shares during the last quarter. Finally, FMR LLC grew its stake in Vimeo by 65.1% during the 3rd quarter. FMR LLC now owns 1,392,457 shares of the company's stock worth $7,032,000 after buying an additional 548,812 shares during the last quarter. 84.97% of the stock is owned by institutional investors.

Vimeo Price Performance

VMEO traded up $0.04 on Thursday, reaching $6.79. 1,354,959 shares of the stock were exchanged, compared to its average volume of 1,914,013. The company's 50-day moving average price is $5.68 and its 200 day moving average price is $4.78. The firm has a market capitalization of $1.13 billion, a PE ratio of 33.75 and a beta of 2.23. Vimeo, Inc. has a fifty-two week low of $3.43 and a fifty-two week high of $7.28.

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

Analyst Ratings Changes

VMEO has been the topic of several research analyst reports. Piper Sandler restated a "neutral" rating and set a $7.00 target price (up from $5.00) on shares of Vimeo in a research note on Tuesday, November 5th. Truist Financial boosted their target price on Vimeo from $7.00 to $9.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, TD Cowen lifted their price target on Vimeo from $6.00 to $7.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th.

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.