Vimeo, Inc. $VMEO Shares Acquired by MQS Management LLC

MQS Management LLC lifted its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO) by 237.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,514 shares of the company’s stock after acquiring an additional 32,030 shares during the quarter. MQS Management LLC’s holdings in Vimeo were worth $184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in VMEO. Lynrock Lake LP increased its stake in Vimeo by 8.9% during the 1st quarter. Lynrock Lake LP now owns 15,217,094 shares of the company’s stock worth $80,042,000 after buying an additional 1,242,549 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in Vimeo by 74.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,484,430 shares of the company’s stock worth $55,149,000 after buying an additional 4,488,607 shares during the period. Boston Partners increased its stake in Vimeo by 279.4% during the 1st quarter. Boston Partners now owns 4,531,775 shares of the company’s stock worth $23,833,000 after buying an additional 3,337,354 shares during the period. Goldman Sachs Group Inc. increased its stake in Vimeo by 5.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,868,578 shares of the company’s stock worth $20,349,000 after buying an additional 212,679 shares during the period. Finally, Nuveen LLC purchased a new stake in Vimeo during the 1st quarter worth $15,363,000. Institutional investors and hedge funds own 84.97% of the company’s stock.

Vimeo Stock Up 0.1%

Shares of NASDAQ:VMEO opened at $7.79 on Wednesday. Vimeo, Inc. has a fifty-two week low of $3.64 and a fifty-two week high of $7.90. The firm has a 50-day simple moving average of $6.70 and a 200 day simple moving average of $5.17. The company has a market cap of $1.29 billion, a PE ratio of 97.39 and a beta of 2.21.

Vimeo (NASDAQ:VMEO) last announced its quarterly earnings data on Monday, November 3rd. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Vimeo had a net margin of 3.17% and a return on equity of 3.31%. As a group, research analysts forecast that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VMEO has been the subject of several research analyst reports. Zacks Research cut Vimeo from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Wall Street Zen downgraded shares of Vimeo from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Piper Sandler downgraded shares of Vimeo from an “overweight” rating to a “hold” rating and set a $7.85 target price for the company. in a research report on Wednesday, September 10th. Truist Financial reissued a “hold” rating and issued a $7.85 target price (down previously from $8.00) on shares of Vimeo in a research report on Friday, September 12th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Vimeo in a research report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Vimeo has an average rating of “Hold” and a consensus price target of $7.03.

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.