Vimeo, Inc. $VMEO Stock Position Decreased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its position in Vimeo, Inc. (NASDAQ:VMEO) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 210,040 shares of the company’s stock after selling 7,500 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.13% of Vimeo worth $849,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMEO. CWM LLC grew its position in Vimeo by 93.1% in the first quarter. CWM LLC now owns 18,399 shares of the company’s stock worth $97,000 after acquiring an additional 8,871 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Vimeo by 10.5% in the 1st quarter. Allianz Asset Management GmbH now owns 58,907 shares of the company’s stock valued at $310,000 after purchasing an additional 5,596 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Vimeo in the first quarter worth $740,000. TD Asset Management Inc increased its position in Vimeo by 64.4% during the first quarter. TD Asset Management Inc now owns 352,492 shares of the company’s stock worth $1,854,000 after buying an additional 138,032 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new position in Vimeo during the first quarter worth $256,000. Institutional investors own 84.97% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Zacks Research downgraded Vimeo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Truist Financial reaffirmed a “hold” rating and set a $7.85 target price (down previously from $8.00) on shares of Vimeo in a research report on Friday, September 12th. Piper Sandler downgraded Vimeo from an “overweight” rating to a “hold” rating and set a $7.85 price target on the stock. in a report on Wednesday, September 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of Vimeo in a research report on Tuesday. Finally, Wall Street Zen downgraded shares of Vimeo from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $7.03.

Vimeo Stock Up 0.1%

Shares of NASDAQ VMEO opened at $7.85 on Thursday. Vimeo, Inc. has a 12 month low of $3.64 and a 12 month high of $7.90. The company has a market cap of $1.30 billion, a P/E ratio of 392.70 and a beta of 2.21. The business’s 50 day moving average is $7.78 and its two-hundred day moving average is $5.59.

Vimeo (NASDAQ:VMEO) last announced its quarterly earnings data on Tuesday, October 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04). Vimeo had a return on equity of 0.40% and a net margin of 0.38%.The company had revenue of $105.76 million during the quarter, compared to analyst estimates of $106.03 million. Sell-side analysts expect that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.

About Vimeo

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.