Fox Run Management L.L.C. Buys 23,226 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Fox Run Management L.L.C. grew its stake in Vimeo, Inc. (NASDAQ:VMEO) by 66.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,949 shares of the company’s stock after buying an additional 23,226 shares during the period. Fox Run Management L.L.C.’s holdings in Vimeo were worth $371,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in VMEO. Boston Partners lifted its holdings in Vimeo by 465.5% in the 4th quarter. Boston Partners now owns 1,194,421 shares of the company’s stock worth $7,643,000 after purchasing an additional 983,198 shares during the last quarter. FMR LLC lifted its stake in shares of 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 buying an additional 548,812 shares during the last quarter. Harvey Partners LLC lifted its stake in shares of Vimeo by 7.0% in the third quarter. Harvey Partners LLC now owns 4,035,000 shares of the company’s stock worth $20,377,000 after buying an additional 265,000 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Vimeo by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,770,805 shares of the company’s stock worth $19,046,000 after buying an additional 181,137 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in Vimeo by 60.1% in the 4th quarter. Teacher Retirement System of Texas now owns 476,905 shares of the company’s stock valued at $3,052,000 after buying an additional 178,962 shares during the last quarter. Institutional investors own 84.97% of the company’s stock.

Vimeo Stock Down 3.0 %

Shares of NASDAQ VMEO opened at $5.46 on Thursday. Vimeo, Inc. has a 12 month low of $3.43 and a 12 month high of $7.90. The company has a market cap of $900.09 million, a P/E ratio of 34.13 and a beta of 2.22. The business’s 50 day moving average is $6.06 and its two-hundred day moving average is $5.97.

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

Analyst Ratings Changes

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

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.