Charles Schwab Investment Management Inc. Boosts Holdings in Vimeo, Inc. (NASDAQ:VMEO)

Charles Schwab Investment Management Inc. increased its stake in shares of Vimeo, Inc. (NASDAQ:VMEO) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,268,020 shares of the company’s stock after buying an additional 9,135 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Vimeo were worth $8,115,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VMEO. Connor Clark & Lunn Investment Management Ltd. increased its holdings in 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 buying an additional 33,525 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Vimeo during the third quarter worth about $175,000. Algert Global LLC increased its holdings in Vimeo by 3.5% during the third quarter. Algert Global LLC now owns 100,110 shares of the company’s stock worth $506,000 after buying an additional 3,352 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Vimeo during the third quarter worth about $173,000. Finally, FMR LLC increased its holdings in Vimeo by 65.1% during 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. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Wall Street Analyst Weigh In

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

Vimeo Stock Down 0.9 %

VMEO opened at $5.47 on Monday. The company has a market capitalization of $901.74 million, a price-to-earnings ratio of 34.19 and a beta of 2.22. The firm has a 50-day moving average price of $6.10 and a 200-day moving average price of $5.97. Vimeo, Inc. has a twelve month low of $3.43 and a twelve month high of $7.90.

Vimeo (NASDAQ:VMEO) last posted its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, hitting 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 net margin of 6.48% and a return on equity of 6.72%. On average, sell-side analysts expect that Vimeo, Inc. will post 0.16 earnings per share for the current fiscal year.

Vimeo Company 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.