Price T Rowe Associates Inc. MD Has $1.25 Million Holdings in Vimeo, Inc. (NASDAQ:VMEO)

Price T Rowe Associates Inc. MD boosted its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 195,182 shares of the company’s stock after buying an additional 8,869 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.12% of Vimeo worth $1,250,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VMEO. Sterling Capital Management LLC increased its holdings in shares of Vimeo by 780.4% during the 4th quarter. Sterling Capital Management LLC now owns 4,578 shares of the company’s stock valued at $29,000 after acquiring an additional 4,058 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Vimeo in the 4th quarter worth approximately $30,000. Allworth Financial LP lifted its position in Vimeo by 5,662.8% in the fourth quarter. Allworth Financial LP now owns 4,956 shares of the company’s stock worth $31,000 after purchasing an additional 4,870 shares during the period. Wealthfront Advisers LLC acquired a new stake in Vimeo during the fourth quarter worth $36,000. Finally, Xponance Inc. bought a new stake in Vimeo in the 4th quarter valued at $67,000. 84.97% of the stock is currently owned by institutional investors.

Vimeo Stock Down 2.1 %

NASDAQ:VMEO opened at $4.66 on Friday. The firm has a market cap of $768.21 million, a PE ratio of 29.13 and a beta of 2.17. Vimeo, Inc. has a 12 month low of $3.45 and a 12 month high of $7.90. The company’s 50-day moving average price is $5.13 and its two-hundred day moving average price is $5.95.

Vimeo (NASDAQ:VMEO) last released its quarterly earnings results on Monday, May 5th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. The business had revenue of $103.03 million for the quarter, compared to analyst estimates of $101.57 million. During the same period in the prior year, the company earned $0.04 EPS. Vimeo’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, research analysts expect that Vimeo, Inc. will post 0.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on VMEO shares. Piper Sandler set a $8.00 target price on shares of Vimeo and gave the company an “overweight” rating in a research report on Tuesday. Jefferies Financial Group lowered their price objective on Vimeo from $7.00 to $5.40 and set a “hold” rating on the stock in a research note on Monday, April 7th.

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.