Los Angeles Capital Management LLC Has $1.27 Million Stake in Vimeo, Inc. (NASDAQ:VMEO)

Los Angeles Capital Management LLC lowered its stake in Vimeo, Inc. (NASDAQ:VMEO) by 18.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 251,385 shares of the company’s stock after selling 57,984 shares during the period. Los Angeles Capital Management LLC owned 0.15% of Vimeo worth $1,269,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of VMEO. Lynrock Lake LP raised its position in shares of Vimeo by 124.9% during the second quarter. Lynrock Lake LP now owns 15,731,386 shares of the company’s stock worth $58,678,000 after acquiring an additional 8,735,044 shares during the last quarter. Divisar Capital Management LLC increased its position in Vimeo by 10.5% in the second quarter. Divisar Capital Management LLC now owns 8,388,993 shares of the company’s stock worth $31,291,000 after purchasing an additional 800,000 shares during the period. Renaissance Technologies LLC raised its holdings in Vimeo by 14.8% during the 2nd quarter. Renaissance Technologies LLC now owns 6,292,354 shares of the company’s stock worth $23,470,000 after purchasing an additional 808,954 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Vimeo by 27.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,612,973 shares of the company’s stock valued at $17,207,000 after purchasing an additional 987,923 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in shares of Vimeo by 3.8% in the 2nd quarter. Acadian Asset Management LLC now owns 1,880,837 shares of the company’s stock valued at $7,013,000 after purchasing an additional 68,195 shares during the last quarter. Institutional investors own 84.97% of the company’s stock.

Vimeo Stock Performance

VMEO opened at $6.55 on Friday. The firm’s fifty day moving average is $5.25 and its two-hundred day moving average is $4.50. The firm has a market cap of $1.09 billion, a PE ratio of 32.75 and a beta of 2.08. Vimeo, Inc. has a twelve month low of $3.43 and a twelve month high of $7.28.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, topping 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 return on equity of 8.56% and a net margin of 8.08%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. Equities analysts forecast that Vimeo, Inc. will post 0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VMEO shares. Truist Financial increased their price objective on shares of Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. TD Cowen increased their price target on Vimeo from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $7.00 price objective (up from $5.00) on shares of Vimeo in a research note on Tuesday, November 5th.

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.