Teacher Retirement System of Texas Has $613,000 Stock Holdings in Vimeo, Inc. (NASDAQ:VMEO)

Teacher Retirement System of Texas boosted its holdings in shares of Vimeo, Inc. (NASDAQ:VMEOFree Report) by 1,377.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 173,144 shares of the company’s stock after acquiring an additional 161,426 shares during the period. Teacher Retirement System of Texas’ holdings in Vimeo were worth $613,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Strs Ohio raised its holdings in Vimeo by 59.4% during the third quarter. Strs Ohio now owns 157,600 shares of the company’s stock worth $557,000 after buying an additional 58,700 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Vimeo by 121.1% during the third quarter. Mackenzie Financial Corp now owns 65,223 shares of the company’s stock worth $225,000 after buying an additional 35,727 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Vimeo by 20.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,664 shares of the company’s stock worth $101,000 after buying an additional 4,963 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Vimeo by 16.8% in the third quarter. Harbor Capital Advisors Inc. now owns 26,343 shares of the company’s stock valued at $93,000 after purchasing an additional 3,798 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in shares of Vimeo in the third quarter valued at about $50,000. Institutional investors and hedge funds own 84.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a $4.00 target price (down previously from $7.00) on shares of Vimeo in a report on Friday, January 5th.

Check Out Our Latest Stock Report on Vimeo

Vimeo Stock Performance

VMEO opened at $3.97 on Thursday. The firm has a market cap of $665.45 million, a P/E ratio of 79.40 and a beta of 1.98. The firm has a 50-day moving average of $3.80 and a 200 day moving average of $3.75. Vimeo, Inc. has a fifty-two week low of $3.02 and a fifty-two week high of $5.19.

Vimeo (NASDAQ:VMEOGet Free Report) last posted its quarterly earnings results on Monday, November 6th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.10. The company had revenue of $106.25 million during the quarter, compared to analyst estimates of $101.03 million. Vimeo had a net margin of 2.04% and a return on equity of 2.39%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.13) earnings per share. Equities research analysts predict that Vimeo, Inc. will post 0.08 earnings per share for the current fiscal year.

Vimeo Company Profile

(Free Report)

Vimeo, Inc, together with its subsidiaries, provides video software solutions worldwide. The company 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. It also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.

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Institutional Ownership by Quarter for Vimeo (NASDAQ:VMEO)

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