Connor Clark & Lunn Investment Management Ltd. Sells 68,854 Shares of Vimeo, Inc. $VMEO

Connor Clark & Lunn Investment Management Ltd. cut its holdings in Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 26.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 190,328 shares of the company's stock after selling 68,854 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.12% of Vimeo worth $1,001,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VMEO. Nuveen Asset Management LLC grew 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 purchasing an additional 1,224,263 shares in the last quarter. G2 Investment Partners Management LLC purchased a new position in Vimeo during the fourth quarter worth $7,275,000. Pacer Advisors Inc. purchased a new position in Vimeo during the first quarter worth $4,003,000. D. E. Shaw & Co. Inc. boosted its stake in Vimeo by 86.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,028,846 shares of the company's stock worth $6,585,000 after buying an additional 477,130 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Vimeo during the first quarter worth $2,347,000. 84.97% of the stock is owned by hedge funds and other institutional investors.

Vimeo Stock Up 4.9%

Shares of VMEO stock traded up $0.1950 on Friday, hitting $4.1350. The stock had a trading volume of 207,242 shares, compared to its average volume of 1,573,502. The business has a 50 day moving average price of $4.00 and a 200 day moving average price of $4.80. The company has a market cap of $685.21 million, a PE ratio of 51.69 and a beta of 2.00. Vimeo, Inc. has a one year low of $3.64 and a one year high of $7.90.

Vimeo (NASDAQ:VMEO - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. The firm had revenue of $104.65 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. Vimeo has set its Q3 2025 guidance at EPS. Equities research analysts expect that Vimeo, Inc. will post 0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

VMEO has been the subject of several recent analyst reports. Piper Sandler reaffirmed an "overweight" rating and set a $7.00 price objective (down from $8.00) on shares of Vimeo in a research note on Tuesday, August 5th. Wall Street Zen raised shares of Vimeo from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $7.10.

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.