Geode Capital Management LLC Boosts Stake in Vimeo, Inc. $VMEO

Geode Capital Management LLC boosted its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,739,794 shares of the company’s stock after acquiring an additional 95,740 shares during the period. Geode Capital Management LLC owned 2.27% of Vimeo worth $15,111,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Vimeo by 0.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 673,573 shares of the company’s stock worth $3,543,000 after purchasing an additional 3,015 shares during the last quarter. NewEdge Advisors LLC lifted its position in Vimeo by 26.3% during the first quarter. NewEdge Advisors LLC now owns 25,416 shares of the company’s stock worth $134,000 after buying an additional 5,291 shares in the last quarter. Amundi boosted its stake in Vimeo by 77.0% during the first quarter. Amundi now owns 12,352 shares of the company’s stock worth $60,000 after buying an additional 5,374 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Vimeo by 1.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,549 shares of the company’s stock valued at $1,786,000 after buying an additional 5,507 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in 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 buying an additional 5,596 shares in the last quarter. Institutional investors and hedge funds own 84.97% of the company’s stock.

Vimeo Stock Performance

Vimeo stock opened at $7.85 on Tuesday. The company’s 50 day simple moving average is $7.79 and its 200-day simple moving average is $5.66. Vimeo, Inc. has a 1 year low of $3.64 and a 1 year high of $7.90. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 392.70 and a beta of 2.21.

Vimeo (NASDAQ:VMEO) last posted its quarterly earnings data 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). The company had revenue of $105.76 million for the quarter, compared to analysts’ expectations of $106.03 million. Vimeo had a return on equity of 0.40% and a net margin of 0.38%. Equities analysts expect that Vimeo, Inc. will post 0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on VMEO shares. Truist Financial reissued a “hold” rating and set a $7.85 price target (down previously from $8.00) on shares of Vimeo in a research report on Friday, September 12th. Zacks Research downgraded shares of Vimeo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Vimeo in a research note on Tuesday, November 25th. Wall Street Zen lowered shares of Vimeo from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Piper Sandler cut Vimeo from an “overweight” rating to a “hold” rating and set a $7.85 price objective on the stock. in a report on Wednesday, September 10th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $7.03.

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.