Versor Investments LP Takes $166,000 Position in Vimeo, Inc. (NASDAQ:VMEO)

Versor Investments LP acquired a new stake in Vimeo, Inc. (NASDAQ:VMEO) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 32,900 shares of the company’s stock, valued at approximately $166,000.

A number of other institutional investors also recently modified their holdings of VMEO. Lynrock Lake LP boosted its stake in shares of Vimeo by 124.9% in the 2nd quarter. Lynrock Lake LP now owns 15,731,386 shares of the company’s stock valued at $58,678,000 after purchasing an additional 8,735,044 shares during the last quarter. Kent Lake Capital LLC bought a new stake in shares of Vimeo in the 1st quarter valued at $5,112,000. Dimensional Fund Advisors LP boosted its stake in shares of Vimeo by 27.3% in the 2nd 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. Renaissance Technologies LLC boosted its stake in shares of Vimeo by 14.8% in the 2nd quarter. Renaissance Technologies LLC now owns 6,292,354 shares of the company’s stock valued at $23,470,000 after purchasing an additional 808,954 shares during the last quarter. Finally, Divisar Capital Management LLC boosted its stake 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. 84.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VMEO has been the topic of several research analyst reports. TD Cowen increased their target price on shares of Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Piper Sandler reissued 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. Finally, Truist Financial increased their target price 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.

Vimeo Trading Down 1.1 %

VMEO opened at $6.48 on Monday. The company’s fifty day moving average price is $5.28 and its two-hundred day moving average price is $4.54. Vimeo, Inc. has a 1-year low of $3.43 and a 1-year high of $7.28. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 32.40 and a beta of 2.08.

Vimeo (NASDAQ:VMEO) last announced its earnings results on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. The company had revenue of $104.56 million during 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 firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.05 earnings per share. As a group, equities analysts forecast that Vimeo, Inc. will post 0.18 earnings per share 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.