T. Rowe Price Investment Management Inc. Buys 4,488,607 Shares of Vimeo, Inc. $VMEO

Key Points

• T. Rowe Price Investment Management Inc. raised its stake in Vimeo, Inc. by 74.9% in the first quarter, acquiring an additional 4,488,607 shares to own approximately 6.36% of the company.
• Vimeo reported earnings of $0.04 per share, surpassing analysts' estimates, with quarterly revenue of $104.65 million, slightly below expectations.
• Vimeo currently holds a consensus rating of "Moderate Buy" among analysts, with a target price of $7.10.

T. Rowe Price Investment Management Inc. boosted its position in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 74.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,484,430 shares of the company's stock after purchasing an additional 4,488,607 shares during the period. T. Rowe Price Investment Management Inc. owned about 6.36% of Vimeo worth $55,149,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Vimeo by 1,547.0% during the 1st quarter. GAMMA Investing LLC now owns 4,908 shares of the company's stock worth $26,000 after acquiring an additional 4,610 shares during the last quarter. Sterling Capital Management LLC raised its holdings in Vimeo by 780.4% during the fourth quarter. Sterling Capital Management LLC now owns 4,578 shares of the company's stock worth $29,000 after buying an additional 4,058 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Vimeo by 919.9% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,231 shares of the company's stock valued at $46,000 after buying an additional 6,522 shares during the last quarter. Quarry LP bought a new stake in Vimeo during the fourth quarter worth $47,000. Finally, MQS Management LLC purchased a new position in Vimeo during the first quarter worth about $71,000. 84.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on VMEO. Piper Sandler reiterated an "overweight" rating and set a $7.00 price objective (down from $8.00) on shares of Vimeo in a research note on Tuesday, August 5th. Wall Street Zen upgraded shares of Vimeo from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $7.10.

Vimeo Stock Performance

Shares of NASDAQ VMEO traded down $0.01 during mid-day trading on Thursday, hitting $4.24. 225,641 shares of the stock traded hands, compared to its average volume of 1,568,097. The company has a market cap of $701.78 million, a price-to-earnings ratio of 52.94 and a beta of 2.00. The stock has a fifty day moving average price of $4.00 and a 200-day moving average price of $4.73. Vimeo, Inc. has a 52 week low of $3.64 and a 52 week high of $7.90.

Vimeo (NASDAQ:VMEO - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.04 earnings per share (EPS) for the quarter, topping 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 company had revenue of $104.65 million during the quarter, compared to analyst estimates of $107.36 million. During the same period last year, the business earned $0.06 EPS. Vimeo's quarterly revenue was up .3% compared to the same quarter last year. Vimeo has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.

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.