Vimeo, Inc. $VMEO Holdings Reduced by Joel Isaacson & Co. LLC

Key Points

• Joel Isaacson & Co. LLC has reduced its stake in Vimeo, Inc. by 40.4% in Q2, owning approximately 0.05% of the company after selling 59,410 shares.
• Vimeo reported $0.04 earnings per share for its latest quarter, surpassing expectations, but its revenue fell short of estimates at $104.65 million.
• Analysts currently have a consensus rating of "Hold" on Vimeo's stock, with a price target lowered to $7.03.

Joel Isaacson & Co. LLC decreased its position in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 40.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 87,521 shares of the company's stock after selling 59,410 shares during the period. Joel Isaacson & Co. LLC owned approximately 0.05% of Vimeo worth $354,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of VMEO. T. Rowe Price Investment Management Inc. grew its position in Vimeo by 74.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,484,430 shares of the company's stock worth $55,149,000 after purchasing an additional 4,488,607 shares during the last quarter. Boston Partners grew its position in Vimeo by 279.4% in the 1st quarter. Boston Partners now owns 4,531,775 shares of the company's stock worth $23,833,000 after purchasing an additional 3,337,354 shares during the last quarter. Nuveen LLC bought a new position in shares of Vimeo in the first quarter valued at approximately $15,363,000. Lynrock Lake LP boosted its holdings in shares of Vimeo by 8.9% in the first quarter. Lynrock Lake LP now owns 15,217,094 shares of the company's stock valued at $80,042,000 after acquiring an additional 1,242,549 shares in the last quarter. Finally, Northern Right Capital Management L.P. bought a new position in shares of Vimeo in the first quarter valued at approximately $4,076,000. Institutional investors own 84.97% of the company's stock.

Vimeo Stock Performance

Shares of NASDAQ:VMEO opened at $7.77 on Wednesday. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 97.14 and a beta of 2.21. Vimeo, Inc. has a 1-year low of $3.64 and a 1-year high of $7.90. The company has a 50 day moving average price of $5.55 and a 200 day moving average price of $4.89.

Vimeo (NASDAQ:VMEO - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.05. The firm had revenue of $104.65 million during the quarter, compared to analysts' expectations of $107.36 million. Vimeo had a net margin of 3.17% and a return on equity of 3.31%. The firm's revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. Vimeo has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VMEO shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of Vimeo in a report on Saturday, September 27th. Zacks Research cut shares of Vimeo from a "strong-buy" rating to a "hold" rating in a report on Friday, October 3rd. Truist Financial reiterated a "hold" rating and issued a $7.85 price objective (down from $8.00) on shares of Vimeo in a report on Friday, September 12th. Piper Sandler cut shares of Vimeo from an "overweight" rating to a "hold" rating and set a $7.85 price objective for the company. in a report on Wednesday, September 10th. Finally, Wall Street Zen cut shares of Vimeo from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.