Boston Partners Purchases 983,198 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Boston Partners grew its position in shares of Vimeo, Inc. (NASDAQ:VMEO) by 465.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,194,421 shares of the company’s stock after acquiring an additional 983,198 shares during the quarter. Boston Partners owned about 0.72% of Vimeo worth $7,643,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of VMEO. Harvey Partners LLC increased its stake in Vimeo by 7.0% during the 3rd quarter. Harvey Partners LLC now owns 4,035,000 shares of the company’s stock valued at $20,377,000 after purchasing an additional 265,000 shares in the last quarter. Geode Capital Management LLC increased 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 worth $19,046,000 after acquiring an additional 181,137 shares in the last quarter. FMR LLC raised its holdings in shares of Vimeo by 65.1% in the 3rd quarter. FMR LLC now owns 1,392,457 shares of the company’s stock worth $7,032,000 after acquiring an additional 548,812 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Vimeo by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,268,020 shares of the company’s stock valued at $8,115,000 after acquiring an additional 9,135 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in Vimeo by 15.2% during the 4th quarter. Royce & Associates LP now owns 706,415 shares of the company’s stock valued at $4,521,000 after purchasing an additional 93,354 shares during the last quarter. 84.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Vimeo Price Performance

VMEO opened at $5.47 on Friday. Vimeo, Inc. has a fifty-two week low of $3.43 and a fifty-two week high of $7.90. The firm has a market capitalization of $901.74 million, a P/E ratio of 34.19 and a beta of 2.22. The company’s 50-day moving average is $6.10 and its 200 day moving average is $5.96.

Vimeo (NASDAQ:VMEO) last posted its earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $103.16 million for the quarter, compared to analysts’ expectations of $100.60 million. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. On average, equities research analysts expect that Vimeo, Inc. will post 0.16 earnings per share for the current year.

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.