TD Asset Management Inc Has $1.85 Million Stock Holdings in Vimeo, Inc. (NASDAQ:VMEO)

TD Asset Management Inc increased its position in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 64.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 352,492 shares of the company's stock after acquiring an additional 138,032 shares during the quarter. TD Asset Management Inc owned about 0.21% of Vimeo worth $1,854,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in VMEO. GAMMA Investing LLC lifted its stake in shares of Vimeo by 1,547.0% during the first quarter. GAMMA Investing LLC now owns 4,908 shares of the company's stock valued at $26,000 after acquiring an additional 4,610 shares during the period. Sterling Capital Management LLC lifted its stake in Vimeo by 780.4% in the fourth quarter. Sterling Capital Management LLC now owns 4,578 shares of the company's stock valued at $29,000 after buying an additional 4,058 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its stake in Vimeo by 919.9% in 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 period. Quarry LP acquired a new position in Vimeo in the fourth quarter valued at about $47,000. Finally, MQS Management LLC acquired a new position in Vimeo in the first quarter valued at about $71,000. Institutional investors and hedge funds own 84.97% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Piper Sandler set a $8.00 target price on Vimeo and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Jefferies Financial Group cut their target price on Vimeo from $7.00 to $5.40 and set a "hold" rating on the stock in a research note on Monday, April 7th.

Vimeo Trading Down 3.7%

NASDAQ:VMEO opened at $3.65 on Monday. Vimeo, Inc. has a 1-year low of $3.44 and a 1-year high of $7.90. The business's 50-day moving average price is $4.13 and its two-hundred day moving average price is $5.02. The firm has a market capitalization of $601.30 million, a price-to-earnings ratio of 36.50 and a beta of 2.00.

Vimeo (NASDAQ:VMEO - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. Vimeo had a return on equity of 4.26% and a net margin of 4.10%. The company had revenue of $103.03 million during the quarter, compared to the consensus estimate of $101.57 million. During the same period in the prior year, the company earned $0.04 earnings per share. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. Sell-side analysts predict that Vimeo, Inc. will post 0.16 earnings per share for the current 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.

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