TD Asset Management Inc Lowers Stock Holdings in Vimeo, Inc. $VMEO

Key Points

• TD Asset Management Inc significantly reduced its stake in Vimeo, Inc. by 38.5%, resulting in ownership of 216,632 shares valued at approximately $875,000.
• Despite the reduction in holdings by some investors, Vimeo's stock decreased marginally, showing an increase of 0.4% to $7.77, with analysts calling it a "hold" on average.
• Vimeo reported earnings of $0.04 EPS, surpassing estimates, but its revenue of $104.65 million was below expectations, indicating mixed performance in the marketplace.

TD Asset Management Inc lowered its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 38.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 216,632 shares of the company's stock after selling 135,860 shares during the quarter. TD Asset Management Inc owned approximately 0.13% of Vimeo worth $875,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Vimeo by 4.3% during the first quarter. Principal Financial Group Inc. now owns 64,792 shares of the company's stock worth $341,000 after purchasing an additional 2,687 shares in the last quarter. Kopp Family Office LLC boosted its position in Vimeo by 24.4% during the second quarter. Kopp Family Office LLC now owns 640,444 shares of the company's stock worth $2,587,000 after purchasing an additional 125,571 shares in the last quarter. GAMMA Investing LLC boosted its position in Vimeo by 1,547.0% during the first quarter. GAMMA Investing LLC now owns 4,908 shares of the company's stock worth $26,000 after purchasing an additional 4,610 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Vimeo by 3.8% during the first quarter. Teacher Retirement System of Texas now owns 495,018 shares of the company's stock worth $2,604,000 after purchasing an additional 18,113 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of Vimeo in the second quarter valued at approximately $399,000. Hedge funds and other institutional investors own 84.97% of the company's stock.

Vimeo Stock Up 0.4%

VMEO stock opened at $7.77 on Thursday. The business has a fifty day moving average of $6.40 and a two-hundred day moving average of $5.08. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 97.14 and a beta of 2.21. 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 posted its 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. The company had revenue of $104.65 million during the quarter, compared to analysts' expectations of $107.36 million. Vimeo had a return on equity of 3.31% and a net margin of 3.17%.The firm's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. Vimeo has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Vimeo, Inc. will post 0.16 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded Vimeo from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Truist Financial restated a "hold" rating and issued a $7.85 target price (down previously from $8.00) on shares of Vimeo in a research report on Friday, September 12th. Zacks Research downgraded Vimeo from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 3rd. Piper Sandler downgraded Vimeo from an "overweight" rating to a "hold" rating and set a $7.85 price objective on the stock. in a research report on Wednesday, September 10th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Vimeo in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Vimeo currently has a consensus rating of "Hold" 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.

Want to see what other hedge funds are holding VMEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vimeo, Inc. (NASDAQ:VMEO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.