Royce & Associates LP Purchases 93,354 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Royce & Associates LP grew its position in shares of Vimeo, Inc. (NASDAQ:VMEO) by 15.2% in the 4th quarter, HoldingsChannel reports. The fund owned 706,415 shares of the company’s stock after buying an additional 93,354 shares during the period. Royce & Associates LP’s holdings in Vimeo were worth $4,521,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Harvey Partners LLC boosted its position in shares of Vimeo by 7.0% during the third quarter. Harvey Partners LLC now owns 4,035,000 shares of the company’s stock valued at $20,377,000 after buying an additional 265,000 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Vimeo by 5.0% during the third quarter. Geode Capital Management LLC now owns 3,770,805 shares of the company’s stock valued at $19,046,000 after buying an additional 181,137 shares during the last quarter. FMR LLC boosted its position in shares of Vimeo by 65.1% during 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. Charles Schwab Investment Management Inc. boosted its position in shares of Vimeo by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,268,020 shares of the company’s stock valued at $8,115,000 after buying an additional 9,135 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Vimeo by 18.1% during the third quarter. JPMorgan Chase & Co. now owns 324,420 shares of the company’s stock valued at $1,638,000 after buying an additional 49,699 shares during the last quarter. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Vimeo Trading Up 2.4 %

VMEO stock opened at $5.46 on Thursday. The stock’s fifty day simple moving average is $6.13 and its two-hundred day simple moving average is $5.96. Vimeo, Inc. has a 1-year low of $3.43 and a 1-year high of $7.90. The stock has a market cap of $900.09 million, a P/E ratio of 34.13 and a beta of 2.22.

Vimeo (NASDAQ:VMEO) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The business had revenue of $103.16 million for the quarter, compared to analysts’ expectations of $100.60 million. As a group, analysts forecast that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Piper Sandler raised Vimeo from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $7.00 to $10.00 in a research report on Tuesday, December 10th.

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.