Teacher Retirement System of Texas Has $1.69 Million Stock Position in Vimeo, Inc. $VMEO

Teacher Retirement System of Texas lowered its stake in Vimeo, Inc. (NASDAQ:VMEO) by 15.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,539 shares of the company’s stock after selling 77,479 shares during the period. Teacher Retirement System of Texas owned 0.25% of Vimeo worth $1,687,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VMEO. T. Rowe Price Investment Management Inc. boosted its position in Vimeo by 74.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,484,430 shares of the company’s stock valued at $55,149,000 after buying an additional 4,488,607 shares in the last quarter. Boston Partners boosted its position in Vimeo by 279.4% in the first quarter. Boston Partners now owns 4,531,775 shares of the company’s stock valued at $23,833,000 after buying an additional 3,337,354 shares in the last quarter. Nuveen LLC acquired a new stake in Vimeo in the first quarter valued at approximately $15,363,000. Lynrock Lake LP increased its position in Vimeo by 8.9% in the 1st quarter. Lynrock Lake LP now owns 15,217,094 shares of the company’s stock valued at $80,042,000 after acquiring an additional 1,242,549 shares during the period. Finally, Northern Right Capital Management L.P. acquired a new position in Vimeo in the 1st quarter valued at approximately $4,076,000. Institutional investors and hedge funds own 84.97% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on VMEO. Wall Street Zen lowered shares of Vimeo from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Zacks Research lowered shares of Vimeo from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vimeo in a report on Wednesday, October 8th. Truist Financial reiterated a “hold” rating and set a $7.85 price target (down previously from $8.00) on shares of Vimeo in a report on Friday, September 12th. Finally, Piper Sandler lowered shares of 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. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $7.03.

Vimeo Stock Up 0.1%

Shares of NASDAQ VMEO opened at $7.79 on Wednesday. Vimeo, Inc. has a twelve month low of $3.64 and a twelve month high of $7.90. The firm has a fifty day simple moving average of $7.07 and a 200 day simple moving average of $5.28. The company has a market capitalization of $1.29 billion, a PE ratio of 389.69 and a beta of 2.21.

Vimeo (NASDAQ:VMEO) last announced its earnings results on Tuesday, October 28th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Vimeo had a return on equity of 0.40% and a net margin of 0.38%.The firm had revenue of $105.76 million for the quarter, compared to the consensus estimate of $106.03 million. As a group, equities 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.