11,609 Shares in Vimeo, Inc. (NASDAQ:VMEO) Acquired by Heron Bay Capital Management

Heron Bay Capital Management purchased a new stake in Vimeo, Inc. (NASDAQ:VMEO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,609 shares of the company’s stock, valued at approximately $74,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Harvey Partners LLC increased its position in Vimeo by 7.0% in the 3rd quarter. Harvey Partners LLC now owns 4,035,000 shares of the company’s stock valued at $20,377,000 after acquiring an additional 265,000 shares during the period. Geode Capital Management LLC increased its position in Vimeo by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,770,805 shares of the company’s stock valued at $19,046,000 after acquiring an additional 181,137 shares during the period. FMR LLC increased its position in Vimeo by 65.1% in the 3rd quarter. FMR LLC now owns 1,392,457 shares of the company’s stock valued at $7,032,000 after acquiring an additional 548,812 shares during the period. Charles Schwab Investment Management Inc. increased its position in Vimeo by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,268,020 shares of the company’s stock valued at $8,115,000 after acquiring an additional 9,135 shares during the period. Finally, Boston Partners increased its position in Vimeo by 465.5% in the 4th quarter. Boston Partners now owns 1,194,421 shares of the company’s stock valued at $7,643,000 after acquiring an additional 983,198 shares during the period. 84.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 research report on Tuesday, December 10th.

Vimeo Stock Performance

NASDAQ:VMEO opened at $5.47 on Friday. The firm’s fifty day moving average is $6.10 and its 200-day moving average is $5.96. Vimeo, Inc. has a 52 week low of $3.43 and a 52 week high of $7.90. The firm has a market cap of $901.74 million, a P/E ratio of 34.19 and a beta of 2.22.

Vimeo (NASDAQ:VMEO) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The company had revenue of $103.16 million for the quarter, compared to analyst estimates of $100.60 million. As a group, sell-side analysts anticipate 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.