Royce & Associates LP Has $5.05 Million Position in Vimeo, Inc. (NASDAQ:VMEO)

Key Points

• Royce & Associates LP increased its stake in Vimeo, Inc. by 36.0%, owning nearly 1 million shares valued at over $5 million as of its latest SEC filing.
• Vimeo reported earnings of ($0.02) per share, exceeding analyst estimates, with revenue of $103.03 million for the quarter, despite a 1.8% decline year-over-year.
• Vimeo's stock currently trades at $4.09, with a market cap of approximately $673.79 million and a price-to-earnings ratio of 40.90.

Royce & Associates LP lifted its stake in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 36.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 960,897 shares of the company's stock after buying an additional 254,482 shares during the period. Royce & Associates LP owned about 0.58% of Vimeo worth $5,054,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of 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 period. Sterling Capital Management LLC boosted its stake in Vimeo by 780.4% in the 4th 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted 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 acquiring an additional 6,522 shares during the period. Quarry LP bought a new position in shares of Vimeo during the fourth quarter valued at $47,000. Finally, Xponance Inc. bought a new position in Vimeo during the 4th quarter valued at about $67,000. Institutional investors own 84.97% of the company's stock.

Vimeo Stock Up 0.1%

Shares of NASDAQ:VMEO traded up $0.01 during mid-day trading on Thursday, reaching $3.81. 295,378 shares of the stock were exchanged, compared to its average volume of 1,582,961. The company has a market cap of $626.84 million, a P/E ratio of 38.05 and a beta of 2.01. Vimeo, Inc. has a one year low of $3.44 and a one year high of $7.90. The stock's 50 day simple moving average is $4.16 and its 200-day simple moving average is $5.07.

Vimeo (NASDAQ:VMEO - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.02) earnings per share for the quarter, beating 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 analysts' expectations of $101.57 million. During the same quarter last year, the company earned $0.04 EPS. Vimeo's revenue for the quarter was down 1.8% compared to the same quarter last year. Analysts anticipate that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VMEO shares. Jefferies Financial Group cut their price objective on Vimeo from $7.00 to $5.40 and set a "hold" rating for the company in a research report on Monday, April 7th. Piper Sandler set a $8.00 price objective on Vimeo and gave the company an "overweight" rating in a research report on Tuesday, May 6th.

Vimeo 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.