Price T Rowe Associates Inc. MD Purchases 8,869 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Price T Rowe Associates Inc. MD increased its position in Vimeo, Inc. (NASDAQ:VMEO) by 4.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 195,182 shares of the company’s stock after acquiring an additional 8,869 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Vimeo were worth $1,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its position 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 worth $29,000 after buying an additional 4,058 shares during the period. SBI Securities Co. Ltd. bought a new stake in Vimeo in the fourth quarter valued at about $30,000. Allworth Financial LP lifted its stake in Vimeo by 5,662.8% in the fourth quarter. Allworth Financial LP now owns 4,956 shares of the company’s stock valued at $31,000 after buying an additional 4,870 shares during the period. Wealthfront Advisers LLC bought a new position in Vimeo during the fourth quarter worth about $36,000. Finally, Xponance Inc. acquired a new position in shares of Vimeo during the 4th quarter worth about $67,000. 84.97% of the stock is owned by institutional investors.

Vimeo Stock Down 2.1 %

Shares of VMEO stock opened at $4.66 on Friday. Vimeo, Inc. has a 12-month low of $3.45 and a 12-month high of $7.90. The firm has a fifty day moving average of $5.13 and a 200-day moving average of $5.95. The company has a market capitalization of $768.21 million, a price-to-earnings ratio of 29.13 and a beta of 2.17.

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

Wall Street Analyst Weigh In

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

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.