Vimeo, Inc. (NASDAQ:VMEO) Short Interest Update

Key Points

• Vimeo, Inc. experienced a significant increase in short interest, rising by 1,107.7% in July, bringing the total to approximately 4.64 million shares shorted.
• Analyst ratings show a mixed outlook for Vimeo, with Piper Sandler setting an $8.00 price target while Jefferies lowered their target from $7.00 to $5.40.
• Institutional investors hold 84.97% of Vimeo's stock, with notable increases in positions by GAMMA Investing LLC and Sterling Capital Management LLC during the recent quarters.

Vimeo, Inc. (NASDAQ:VMEO - Get Free Report) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 4,640,000 shares, agrowthof1,107.7% from the June 30th total of 384,200 shares. Based on an average trading volume of 1,440,000 shares, the days-to-cover ratio is presently 3.2 days. Approximately3.3% of the shares of the company are sold short. Approximately3.3% of the shares of the company are sold short. Based on an average trading volume of 1,440,000 shares, the days-to-cover ratio is presently 3.2 days.

Analyst Ratings Changes

VMEO has been the topic of several research analyst reports. Piper Sandler dropped their price objective on shares of Vimeo from $8.00 to $7.00 and set an "overweight" rating on the stock in a research report on Tuesday. Jefferies Financial Group reduced their price objective on shares of Vimeo from $7.00 to $5.40 and set a "hold" rating on the stock in a research note on Monday, April 7th.

Vimeo Price Performance

Shares of VMEO stock traded up $0.42 on Tuesday, hitting $4.24. The stock had a trading volume of 2,632,367 shares, compared to its average volume of 1,609,483. The business has a 50 day moving average of $4.12 and a 200 day moving average of $5.01. The stock has a market cap of $697.67 million, a price-to-earnings ratio of 42.55 and a beta of 2.00. Vimeo has a 12-month low of $3.64 and a 12-month high of $7.90.

Vimeo (NASDAQ:VMEO - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $104.65 million during the quarter, compared to analyst estimates of $107.36 million. Vimeo had a net margin of 4.10% and a return on equity of 4.26%. The firm's revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share. As a group, research analysts expect that Vimeo will post 0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vimeo

A number of hedge funds have recently made changes to their positions in VMEO. Principal Financial Group Inc. increased its position in Vimeo by 4.3% during the 1st quarter. Principal Financial Group Inc. now owns 64,792 shares of the company's stock valued at $341,000 after purchasing an additional 2,687 shares during the period. GAMMA Investing LLC lifted its stake in Vimeo by 1,547.0% during the 1st quarter. GAMMA Investing LLC now owns 4,908 shares of the company's stock valued at $26,000 after acquiring an additional 4,610 shares during the period. Ameriprise Financial Inc. lifted its stake in Vimeo by 29.3% during the 4th quarter. Ameriprise Financial Inc. now owns 416,214 shares of the company's stock valued at $2,664,000 after acquiring an additional 94,236 shares during the period. Teacher Retirement System of Texas lifted its stake in Vimeo by 3.8% during the 1st quarter. Teacher Retirement System of Texas now owns 495,018 shares of the company's stock valued at $2,604,000 after acquiring an additional 18,113 shares during the period. Finally, American Century Companies Inc. bought a new position in shares of Vimeo in the 4th quarter worth approximately $755,000. 84.97% of the stock is currently owned by institutional investors.

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.