Teacher Retirement System of Texas Acquires 178,962 Shares of Vimeo, Inc. (NASDAQ:VMEO)

Teacher Retirement System of Texas lifted its holdings in shares of Vimeo, Inc. (NASDAQ:VMEO) by 60.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 476,905 shares of the company’s stock after purchasing an additional 178,962 shares during the period. Teacher Retirement System of Texas owned about 0.29% of Vimeo worth $3,052,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Algert Global LLC grew its stake in shares of Vimeo by 3.5% during the third quarter. Algert Global LLC now owns 100,110 shares of the company’s stock valued at $506,000 after buying an additional 3,352 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Vimeo by 6.5% during the 4th quarter. Principal Financial Group Inc. now owns 62,105 shares of the company’s stock valued at $397,000 after acquiring an additional 3,793 shares during the period. Franklin Resources Inc. grew its position in Vimeo by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 145,603 shares of the company’s stock worth $702,000 after acquiring an additional 4,134 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Vimeo in the 4th quarter worth approximately $30,000. Finally, Allworth Financial LP lifted its position 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 purchasing an additional 4,870 shares during the last quarter. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Vimeo Price Performance

NASDAQ VMEO opened at $5.63 on Wednesday. Vimeo, Inc. has a 1 year low of $3.43 and a 1 year high of $7.90. The stock has a market capitalization of $928.12 million, a PE ratio of 35.19 and a beta of 2.22. The business’s 50-day moving average is $6.08 and its 200 day moving average is $5.97.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $103.16 million for the quarter, compared to analyst estimates of $100.60 million. Vimeo had a return on equity of 6.72% and a net margin of 6.48%. As a group, equities research analysts anticipate that Vimeo, Inc. will post 0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised shares of Vimeo from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $7.00 to $10.00 in a research note 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.