Vimeo, Inc. (NASDAQ:VMEO) Sees Large Increase in Short Interest

Vimeo, Inc. (NASDAQ:VMEO - Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 5,600,000 shares, a growth of 18.9% from the April 30th total of 4,710,000 shares. Currently, 4.0% of the company's stock are short sold. Based on an average daily trading volume, of 1,580,000 shares, the short-interest ratio is currently 3.5 days.

Analyst Upgrades and Downgrades

VMEO has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their target price on shares of Vimeo from $7.00 to $5.40 and set a "hold" rating on the stock in a research report on Monday, April 7th. Piper Sandler set a $8.00 price objective on shares of Vimeo and gave the stock an "overweight" rating in a research report on Tuesday, May 6th.

Institutional Trading of Vimeo

Several hedge funds have recently made changes to their positions in VMEO. GAMMA Investing LLC lifted its stake in shares of Vimeo by 1,547.0% in the 1st quarter. GAMMA Investing LLC now owns 4,908 shares of the company's stock worth $26,000 after acquiring an additional 4,610 shares during the period. Sterling Capital Management LLC lifted 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 worth $29,000 after acquiring an additional 4,058 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Vimeo in the 4th quarter worth $30,000. Allworth Financial LP lifted its stake in shares of Vimeo by 5,662.8% in the 4th quarter. Allworth Financial LP now owns 4,956 shares of the company's stock worth $31,000 after acquiring an additional 4,870 shares during the period. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Vimeo in the 4th quarter worth $36,000. Institutional investors and hedge funds own 84.97% of the company's stock.

Vimeo Stock Performance

Vimeo stock remained flat at $4.51 during midday trading on Thursday. 1,103,481 shares of the company's stock traded hands, compared to its average volume of 1,518,811. Vimeo has a 52 week low of $3.45 and a 52 week high of $7.90. The stock has a market cap of $743.00 million, a PE ratio of 28.19 and a beta of 2.06. The business has a 50-day moving average price of $4.79 and a 200 day moving average price of $5.79.

Vimeo (NASDAQ:VMEO - Get Free Report) last issued its quarterly earnings data 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. Vimeo had a net margin of 6.48% and a return on equity of 6.72%. The company had revenue of $103.03 million for the quarter, compared to the consensus estimate of $101.57 million. During the same period last year, the firm posted $0.04 EPS. Vimeo's revenue for the quarter was down 1.8% on a year-over-year basis. Research analysts anticipate that Vimeo will post 0.16 earnings per share for the current fiscal year.

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.