Vimeo, Inc. (NASDAQ:VMEO) Sees Significant Growth in Short Interest

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 large increase in short interest in the month of July. As of July 15th, there was short interest totaling 4,640,000 shares, anincreaseof1,107.7% from the June 30th total of 384,200 shares. Based on an average daily volume of 1,440,000 shares, the short-interest ratio is currently 3.2 days. Approximately3.3% of the shares of the company are short sold. Approximately3.3% of the shares of the company are short sold. Based on an average daily volume of 1,440,000 shares, the short-interest ratio is currently 3.2 days.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Piper Sandler set a $8.00 price objective on shares of Vimeo and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Jefferies Financial Group reduced their price objective on Vimeo from $7.00 to $5.40 and set a "hold" rating for the company in a research report on Monday, April 7th.

Hedge Funds Weigh In On Vimeo

Several hedge funds and other institutional investors have recently modified their holdings of VMEO. GAMMA Investing LLC grew its position in Vimeo by 1,547.0% in the first 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. Sterling Capital Management LLC boosted its stake in shares of Vimeo by 780.4% in the 4th quarter. Sterling Capital Management LLC now owns 4,578 shares of the company's stock valued at $29,000 after purchasing an additional 4,058 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Vimeo in the 2nd quarter worth about $45,000. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Vimeo by 919.9% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,231 shares of the company's stock worth $46,000 after purchasing an additional 6,522 shares in the last quarter. Finally, Quarry LP bought a new position in Vimeo during the 4th quarter valued at about $47,000. Institutional investors own 84.97% of the company's stock.

Vimeo Stock Performance

Shares of VMEO stock opened at $3.65 on Friday. The firm has a fifty day moving average of $4.13 and a 200-day moving average of $5.04. The stock has a market cap of $601.30 million, a price-to-earnings ratio of 36.50 and a beta of 2.00. Vimeo has a 52-week low of $3.44 and a 52-week high of $7.90.

Vimeo (NASDAQ:VMEO - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. The firm had revenue of $103.03 million during the quarter, compared to analyst estimates of $101.57 million. Vimeo had a net margin of 4.10% and a return on equity of 4.26%. The company's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.04 earnings per share. On average, sell-side analysts predict that Vimeo will post 0.16 earnings per share for the current year.

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.

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