Arrowstreet Capital Limited Partnership Raises Holdings in Vimeo, Inc. $VMEO

Arrowstreet Capital Limited Partnership grew its holdings in Vimeo, Inc. (NASDAQ:VMEO) by 8.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,205,498 shares of the company’s stock after purchasing an additional 177,022 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Vimeo were worth $8,910,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. T. Rowe Price Investment Management Inc. boosted its position in shares of 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 valued at $55,149,000 after buying an additional 4,488,607 shares during the last quarter. Boston Partners lifted its stake in Vimeo by 279.4% during the 1st quarter. Boston Partners now owns 4,531,775 shares of the company’s stock valued at $23,833,000 after acquiring an additional 3,337,354 shares during the period. Nuveen LLC purchased a new stake in shares of Vimeo during the 1st quarter valued at about $15,363,000. Lynrock Lake LP boosted 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 acquiring an additional 1,242,549 shares during the last quarter. Finally, Northern Right Capital Management L.P. bought a new stake in shares of Vimeo in the first quarter worth approximately $4,076,000. 84.97% of the stock is owned by institutional investors.

Vimeo Price Performance

Shares of NASDAQ:VMEO opened at $7.85 on Wednesday. The company has a market capitalization of $1.30 billion, a P/E ratio of 392.70 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 firm’s 50 day simple moving average is $7.80 and its two-hundred day simple moving average is $5.80.

Vimeo (NASDAQ:VMEO) last announced its quarterly earnings data on Tuesday, October 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The firm had revenue of $105.76 million during the quarter, compared to analysts’ expectations of $106.03 million. Vimeo had a return on equity of 0.40% and a net margin of 0.38%. On average, sell-side analysts anticipate that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VMEO. Wall Street Zen downgraded shares of Vimeo from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Vimeo in a report on Tuesday, November 25th. Truist Financial restated a “hold” rating and issued a $7.85 price target (down from $8.00) on shares of Vimeo in a research note on Friday, September 12th. Zacks Research lowered Vimeo from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Finally, Piper Sandler cut Vimeo from an “overweight” rating to a “hold” rating and set a $7.85 price objective for the company. in a research report on Wednesday, September 10th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price 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.