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

Royce & Associates LP lifted its stake in shares of Vimeo, Inc. (NASDAQ:VMEO) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 706,415 shares of the company’s stock after acquiring an additional 93,354 shares during the quarter. Royce & Associates LP owned approximately 0.43% of Vimeo worth $4,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in VMEO. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Vimeo by 22.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 179,645 shares of the company’s stock worth $907,000 after acquiring an additional 33,525 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Vimeo during the third quarter worth about $175,000. Algert Global LLC increased its holdings in Vimeo by 3.5% in the third quarter. Algert Global LLC now owns 100,110 shares of the company’s stock worth $506,000 after purchasing an additional 3,352 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Vimeo in the third quarter worth approximately $173,000. Finally, FMR LLC increased its holdings in Vimeo by 65.1% in the third quarter. FMR LLC now owns 1,392,457 shares of the company’s stock worth $7,032,000 after purchasing an additional 548,812 shares in the last quarter. 84.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Vimeo Stock Performance

Shares of VMEO stock opened at $5.46 on Thursday. The company has a market cap of $900.09 million, a P/E ratio of 34.13 and a beta of 2.22. The stock has a 50 day simple moving average of $6.13 and a two-hundred day simple moving average of $5.96. Vimeo, Inc. has a fifty-two week low of $3.43 and a fifty-two week high of $7.90.

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

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.