Teacher Retirement System of Texas Acquires 178,962 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Teacher Retirement System of Texas lifted its holdings in Vimeo, Inc. (NASDAQ:VMEO) by 60.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 476,905 shares of the company’s stock after acquiring an additional 178,962 shares during the quarter. Teacher Retirement System of Texas’ holdings in Vimeo were worth $3,052,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VMEO. Harvest Fund Management Co. Ltd purchased a new stake in Vimeo in the fourth quarter worth about $396,000. Xponance Inc. purchased a new stake in shares of Vimeo in the 4th quarter worth approximately $67,000. Boston Partners increased its position in Vimeo by 465.5% during the 4th quarter. Boston Partners now owns 1,194,421 shares of the company’s stock valued at $7,643,000 after buying an additional 983,198 shares in the last quarter. Counterpoint Mutual Funds LLC raised its stake in Vimeo by 132.4% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 109,060 shares of the company’s stock valued at $698,000 after buying an additional 62,135 shares during the last quarter. Finally, Cibc World Markets Corp bought a new stake in Vimeo in the fourth quarter worth $87,000. 84.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler upgraded Vimeo from a “neutral” rating to an “overweight” rating and raised their price target for the company from $7.00 to $10.00 in a report on Tuesday, December 10th.

Vimeo Stock Up 0.4 %

NASDAQ:VMEO opened at $5.63 on Wednesday. The stock has a market cap of $928.12 million, a price-to-earnings ratio of 35.19 and a beta of 2.22. The company’s 50 day moving average price is $6.08 and its 200-day moving average price is $5.97. Vimeo, Inc. has a 52 week low of $3.43 and a 52 week high of $7.90.

Vimeo (NASDAQ:VMEO) last issued its earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The business had revenue of $103.16 million for the quarter, compared to the consensus estimate of $100.60 million. As a group, sell-side analysts anticipate 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.