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

Vimeo, Inc. (NASDAQ:VMEO - Get Free Report) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 3,790,000 shares, a drop of 17.8% from the June 30th total of 4,610,000 shares. Based on an average daily volume of 1,460,000 shares, the short-interest ratio is currently 2.6 days. Currently, 2.6% of the company's shares are sold short.

Vimeo Trading Up 1.6 %

• Is Rumble Revving Up for Growth or Just Sputtering?

VMEO stock opened at $3.87 on Friday. The business's 50-day moving average price is $3.79 and its two-hundred day moving average price is $3.98. Vimeo has a 1-year low of $3.02 and a 1-year high of $5.77. The firm has a market cap of $655.07 million, a PE ratio of 22.76 and a beta of 2.03.

Vimeo (NASDAQ:VMEO - Get Free Report) last released its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. Vimeo had a return on equity of 7.71% and a net margin of 6.88%. The firm had revenue of $104.91 million for the quarter, compared to the consensus estimate of $100.40 million. The business's quarterly revenue was up 1.3% compared to the same quarter last year. On average, analysts forecast that Vimeo will post 0.04 earnings per share for the current year.

Institutional Trading of Vimeo

• Is Vimeo worth another look as it turns profitable?

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Vimeo by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 15,259,338 shares of the company's stock valued at $54,018,000 after purchasing an additional 483,443 shares during the period. SG Americas Securities LLC increased its position in shares of Vimeo by 28.9% in the fourth quarter. SG Americas Securities LLC now owns 78,783 shares of the company's stock valued at $309,000 after acquiring an additional 17,657 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Vimeo by 75.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,493,555 shares of the company's stock valued at $21,535,000 after acquiring an additional 2,360,405 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its position in shares of Vimeo by 350.1% in the first quarter. Susquehanna Fundamental Investments LLC now owns 275,423 shares of the company's stock valued at $1,126,000 after acquiring an additional 214,238 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its position in shares of Vimeo by 76.1% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 116,293 shares of the company's stock valued at $456,000 after acquiring an additional 50,269 shares during the last quarter. Institutional investors and hedge funds own 84.97% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler restated a "neutral" rating and issued a $4.50 price target (up from $4.00) on shares of Vimeo in a research report on Tuesday, May 7th.

• Vimeo Stock is an Enterprise Streaming Play

Get Our Latest Research Report on Vimeo

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.

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