Vimeo, Inc. (NASDAQ:VMEO) Stake Raised by TD Asset Management Inc

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

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Vimeo by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 17,432,831 shares of the company's stock valued at $111,570,000 after buying an additional 134,171 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Vimeo by 6.8% during the fourth quarter. Renaissance Technologies LLC now owns 6,590,500 shares of the company's stock valued at $42,179,000 after purchasing an additional 419,700 shares during the period. Dimensional Fund Advisors LP grew its stake in Vimeo by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,863,223 shares of the company's stock worth $31,126,000 after purchasing an additional 60,174 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Vimeo by 82.5% in the fourth quarter. Nuveen Asset Management LLC now owns 2,707,697 shares of the company's stock valued at $17,329,000 after acquiring an additional 1,224,263 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Vimeo by 3.9% during the fourth quarter. Northern Trust Corp now owns 1,445,576 shares of the company's stock valued at $9,252,000 after purchasing an additional 54,554 shares in the last quarter. Institutional investors own 84.97% of the company's stock.

Analyst Ratings Changes

Separately, Piper Sandler restated an "overweight" rating and set a $7.00 price target (down previously from $8.00) on shares of Vimeo in a research note on Tuesday.

Vimeo Stock Performance

VMEO traded down $0.18 during trading on Thursday, hitting $4.04. The stock had a trading volume of 937,699 shares, compared to its average volume of 1,614,901. The company's 50-day moving average price is $4.11 and its 200 day moving average price is $4.99. The firm has a market capitalization of $664.73 million, a P/E ratio of 50.57 and a beta of 2.00. Vimeo, Inc. has a twelve month low of $3.64 and a twelve month high of $7.90.

Vimeo (NASDAQ:VMEO - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $107.36 million. During the same period last year, the company earned $0.06 EPS. The firm's revenue for the quarter was up .3% compared to the same quarter last year. 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.