JPMorgan Chase & Co. Purchases 49,699 Shares of Vimeo, Inc. (NASDAQ:VMEO)

JPMorgan Chase & Co. increased its position in Vimeo, Inc. (NASDAQ:VMEO) by 18.1% in the third quarter, Holdings Channel.com reports. The fund owned 324,420 shares of the company’s stock after acquiring an additional 49,699 shares during the quarter. JPMorgan Chase & Co.’s holdings in Vimeo were worth $1,638,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC purchased a new stake in Vimeo in the second quarter valued at approximately $41,000. EP Wealth Advisors LLC bought a new position in shares of Vimeo in the third quarter worth approximately $51,000. Hutchens & Kramer Investment Management Group LLC bought a new position in shares of Vimeo in the third quarter worth approximately $54,000. Canada Pension Plan Investment Board grew its holdings in shares of Vimeo by 1,715.4% in the second quarter. Canada Pension Plan Investment Board now owns 23,600 shares of the company’s stock worth $88,000 after purchasing an additional 22,300 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. grew its holdings in shares of Vimeo by 18.1% in the third quarter. Quintet Private Bank Europe S.A. now owns 20,000 shares of the company’s stock worth $101,000 after purchasing an additional 3,063 shares during the last quarter. 84.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on VMEO shares. Truist Financial raised their target price on shares of Vimeo from $7.00 to $9.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Piper Sandler upgraded shares of Vimeo from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $7.00 to $10.00 in a report on Tuesday, December 10th. Finally, TD Cowen lifted their price target on shares of Vimeo from $6.00 to $7.00 and gave the company a “hold” rating in a report on Tuesday, November 5th.

Vimeo Trading Up 1.9 %

Shares of VMEO stock opened at $6.37 on Friday. Vimeo, Inc. has a 12 month low of $3.43 and a 12 month high of $7.90. The stock has a market cap of $1.06 billion, a PE ratio of 31.85 and a beta of 2.20. The company’s fifty day moving average price is $6.62 and its 200-day moving average price is $5.47.

Vimeo (NASDAQ:VMEO) last announced its earnings results on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. Vimeo had a net margin of 8.08% and a return on equity of 8.56%. The firm had revenue of $104.56 million for the quarter, compared to analysts’ expectations of $99.48 million. During the same quarter in the previous year, the business posted $0.05 EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts forecast that Vimeo, Inc. will post 0.18 earnings per share for the current fiscal year.

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.