Vimeo (NASDAQ:VMEO) Sees Large Volume Increase - Time to Buy?

Key Points

• Vimeo's stock experienced an 88% increase in trading volume on Wednesday, with nearly 4 million shares exchanged, as it closed at $7.76.
• Analysts have downgraded Vimeo's rating to "hold" with a price target of $7.85, indicating cautious sentiment about the company's future performance.
• Institutional investors own 84.97% of Vimeo's stock, with several firms significantly increasing their holdings in recent quarters.

Vimeo, Inc. (NASDAQ:VMEO - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 3,983,914 shares changed hands during mid-day trading, an increase of 88% from the previous session's volume of 2,116,703 shares.The stock last traded at $7.76 and had previously closed at $7.73.

Wall Street Analysts Forecast Growth

Several analysts recently commented on VMEO shares. 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 note on Wednesday, September 10th. Wall Street Zen downgraded Vimeo from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, Truist Financial restated a "hold" rating and set a $7.85 price objective (down previously from $8.00) on shares of Vimeo in a report on Friday, September 12th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $7.03.

Vimeo Stock Performance

The firm has a market capitalization of $1.28 billion, a P/E ratio of 96.62 and a beta of 2.01. The company has a 50-day moving average of $4.66 and a 200-day moving average of $4.70.

Vimeo (NASDAQ:VMEO - Get Free Report) last issued its quarterly 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 the consensus estimate of $107.36 million. Vimeo had a return on equity of 3.31% and a net margin of 3.17%.The business's revenue was up .3% compared to the same quarter last year. During the same period last year, the business posted $0.06 EPS. Vimeo has set its Q3 2025 guidance at EPS. Research analysts predict that Vimeo, Inc. will post 0.16 EPS for the current year.

Hedge Funds Weigh In On Vimeo

Several institutional investors have recently bought and sold shares of the company. Lynrock Lake LP lifted its stake in 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 purchasing an additional 1,242,549 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Vimeo by 74.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,484,430 shares of the company's stock valued at $55,149,000 after acquiring an additional 4,488,607 shares during the period. Boston Partners raised its holdings in Vimeo by 52.5% during the 2nd quarter. Boston Partners now owns 6,910,547 shares of the company's stock valued at $27,920,000 after acquiring an additional 2,378,772 shares during the period. Goldman Sachs Group Inc. raised its holdings in Vimeo by 5.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,868,578 shares of the company's stock valued at $20,349,000 after acquiring an additional 212,679 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Vimeo by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 3,739,794 shares of the company's stock valued at $15,111,000 after acquiring an additional 95,740 shares during the period. Hedge funds and other institutional investors own 84.97% of the company's stock.

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.