Vimeo, Inc. (NASDAQ:VMEO) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its holdings in Vimeo, Inc. (NASDAQ:VMEO) by 4.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 386,708 shares of the company’s stock after selling 17,492 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Vimeo were worth $2,475,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. FMR LLC boosted its position in Vimeo by 65.1% in the third quarter. FMR LLC now owns 1,392,457 shares of the company’s stock valued at $7,032,000 after buying an additional 548,812 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Vimeo during the third quarter worth $391,000. Barclays PLC lifted its position in Vimeo by 203.9% during the third quarter. Barclays PLC now owns 240,655 shares of the company’s stock valued at $1,215,000 after purchasing an additional 161,469 shares during the period. JPMorgan Chase & Co. boosted its holdings in Vimeo by 18.1% in the third quarter. JPMorgan Chase & Co. now owns 324,420 shares of the company’s stock valued at $1,638,000 after purchasing an additional 49,699 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in Vimeo by 66.0% during the 3rd quarter. HighTower Advisors LLC now owns 79,952 shares of the company’s stock worth $403,000 after purchasing an additional 31,800 shares during the period. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Analyst Upgrades and Downgrades

VMEO has been the topic of several analyst reports. Piper Sandler raised Vimeo from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $7.00 to $10.00 in a report on Tuesday, December 10th. Truist Financial raised their price objective on shares of Vimeo from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, TD Cowen increased their price target on shares of Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th.

Vimeo Price Performance

Shares of VMEO stock opened at $6.64 on Tuesday. The stock has a 50 day simple moving average of $6.64 and a 200-day simple moving average of $5.64. Vimeo, Inc. has a 1-year low of $3.43 and a 1-year high of $7.90. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 33.20 and a beta of 2.21.

Vimeo (NASDAQ:VMEO) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The business had revenue of $104.56 million for the quarter, compared to the consensus estimate of $99.48 million. Vimeo had a net margin of 8.08% and a return on equity of 8.56%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. Analysts anticipate 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.