Vimeo, Inc. (NASDAQ:VMEO) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its stake in Vimeo, Inc. (NASDAQ:VMEO) by 12.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 404,200 shares of the company’s stock after selling 58,842 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.24% of Vimeo worth $2,041,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hsbc Holdings PLC grew its stake in Vimeo by 2.5% in the 2nd quarter. Hsbc Holdings PLC now owns 89,527 shares of the company’s stock valued at $336,000 after acquiring an additional 2,180 shares during the period. Bleakley Financial Group LLC grew its stake in Vimeo by 6.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 59,045 shares of the company’s stock valued at $298,000 after acquiring an additional 3,327 shares during the period. Connors Investor Services Inc. grew its stake in Vimeo by 16.0% in the 2nd quarter. Connors Investor Services Inc. now owns 29,000 shares of the company’s stock valued at $108,000 after acquiring an additional 4,000 shares during the period. Covestor Ltd grew its stake in Vimeo by 53.4% in the 1st quarter. Covestor Ltd now owns 13,629 shares of the company’s stock valued at $56,000 after acquiring an additional 4,743 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Vimeo by 6.8% in the 2nd quarter. Principal Financial Group Inc. now owns 79,941 shares of the company’s stock valued at $298,000 after purchasing an additional 5,107 shares in the last quarter. Institutional investors and hedge funds own 84.97% of the company’s stock.

Vimeo Trading Down 3.0 %

Shares of VMEO stock opened at $6.79 on Friday. Vimeo, Inc. has a twelve month low of $3.43 and a twelve month high of $7.18. The company’s 50-day moving average price is $5.13 and its 200-day moving average price is $4.42. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 33.95 and a beta of 2.08.

Vimeo (NASDAQ:VMEO) last posted its earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. The company had revenue of $104.56 million for the quarter, compared to analyst estimates of $99.48 million. Vimeo had a net margin of 8.08% and a return on equity of 8.56%. Vimeo’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.05 EPS. As a group, equities research analysts predict that Vimeo, Inc. will post 0.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Truist Financial raised their price objective on Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. TD Cowen raised their price objective on Vimeo from $6.00 to $7.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, Piper Sandler restated a “neutral” rating and issued a $7.00 price objective (up previously from $5.00) on shares of Vimeo in a report on Tuesday, November 5th.

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.