Boston Partners Grows Stock Holdings in Vimeo, Inc. (NASDAQ:VMEO)

Key Points

• Boston Partners significantly increased its stake in Vimeo by 279.4%, owning 4,531,775 shares worth approximately $23.8 million as of the latest SEC filing.
• Vimeo reported a 0.04 EPS for the last quarter, exceeding the consensus estimate and showing a 3.17% net margin.
• Analysts have shown a positive outlook on Vimeo, with the stock upgraded to a "buy" rating and an average price target of $7.10.

Boston Partners boosted its holdings in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 279.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,531,775 shares of the company's stock after buying an additional 3,337,354 shares during the period. Boston Partners owned approximately 2.75% of Vimeo worth $23,833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of VMEO. Nuveen LLC purchased a new position in Vimeo in the 1st quarter valued at approximately $15,363,000. Nuveen Asset Management LLC grew its stake in Vimeo by 82.5% in the 4th quarter. Nuveen Asset Management LLC now owns 2,707,697 shares of the company's stock valued at $17,329,000 after buying an additional 1,224,263 shares in the last quarter. G2 Investment Partners Management LLC purchased a new position in Vimeo in the 4th quarter valued at approximately $7,275,000. Pacer Advisors Inc. purchased a new position in Vimeo in the 1st quarter valued at approximately $4,003,000. Finally, D. E. Shaw & Co. Inc. grew its stake in Vimeo by 86.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,028,846 shares of the company's stock valued at $6,585,000 after buying an additional 477,130 shares in the last quarter. 84.97% of the stock is currently owned by hedge funds and other institutional investors.

Vimeo Price Performance

Shares of NASDAQ:VMEO opened at $3.99 on Friday. The firm has a fifty day moving average price of $4.05 and a two-hundred day moving average price of $4.89. Vimeo, Inc. has a one year low of $3.64 and a one year high of $7.90. The company has a market cap of $661.18 million, a price-to-earnings ratio of 49.88 and a beta of 2.00.

Vimeo (NASDAQ:VMEO - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. Vimeo had a net margin of 3.17% and a return on equity of 3.31%. The firm had revenue of $104.65 million during the quarter, compared to the consensus estimate of $107.36 million. During the same period last year, the firm earned $0.06 EPS. The business's quarterly revenue was up .3% compared to the same quarter last year. Equities research analysts expect that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Vimeo from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Piper Sandler reissued an "overweight" rating and issued a $7.00 price target (down from $8.00) on shares of Vimeo in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $7.10.

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.

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