Voya Investment Management LLC Sells 241,439 Shares of Vimeo, Inc. $VMEO

Key Points

• Voya Investment Management LLC reduced its stake in Vimeo, Inc. by 31.4%, selling 241,439 shares, and now holds approximately 0.32% of the company worth around $2.77 million.
• Other institutional investors have also adjusted their positions, with 84.97% of Vimeo's stock currently owned by institutional investors.
• Vimeo reported a net income of $0.04 per share for its last quarter, exceeding analysts' expectations, although its revenue was slightly below consensus estimates.

Voya Investment Management LLC cut its stake in shares of Vimeo, Inc. (NASDAQ:VMEO - Free Report) by 31.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 527,191 shares of the company's stock after selling 241,439 shares during the quarter. Voya Investment Management LLC owned 0.32% of Vimeo worth $2,773,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lynrock Lake LP grew its holdings in shares of Vimeo by 8.9% during the 1st quarter. Lynrock Lake LP now owns 15,217,094 shares of the company's stock valued at $80,042,000 after purchasing an additional 1,242,549 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Vimeo by 74.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,484,430 shares of the company's stock worth $55,149,000 after acquiring an additional 4,488,607 shares in the last quarter. Boston Partners boosted its stake in Vimeo by 279.4% during the first quarter. Boston Partners now owns 4,531,775 shares of the company's stock worth $23,833,000 after acquiring an additional 3,337,354 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Vimeo by 5.8% during the first quarter. Goldman Sachs Group Inc. now owns 3,868,578 shares of the company's stock worth $20,349,000 after buying an additional 212,679 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Vimeo during the first quarter worth $15,363,000. 84.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on VMEO. Piper Sandler downgraded shares of Vimeo from an "overweight" rating to a "hold" rating and set a $7.85 target price for the company. in a report on Wednesday, September 10th. Truist Financial reiterated a "hold" rating and issued a $7.85 target price (down previously from $8.00) on shares of Vimeo in a report on Friday, September 12th. Finally, Wall Street Zen downgraded shares of Vimeo from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Vimeo has an average rating of "Hold" and an average price target of $7.03.

Vimeo Trading Up 0.1%

Shares of VMEO stock traded up $0.01 during trading hours on Tuesday, reaching $7.73. The stock had a trading volume of 481,503 shares, compared to its average volume of 2,180,879. The stock's fifty day simple moving average is $4.74 and its 200 day simple moving average is $4.71. The firm has a market capitalization of $1.28 billion, a PE ratio of 96.57 and a beta of 2.01. Vimeo, Inc. has a 12 month low of $3.64 and a 12 month high of $7.90.

Vimeo (NASDAQ:VMEO - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.04 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 firm had revenue of $104.65 million for the quarter, compared to the consensus estimate of $107.36 million. During the same period last year, the firm posted $0.06 earnings per share. The business's revenue was up .3% compared to the same quarter last year. Vimeo has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.

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.