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

Vimeo, Inc. (NASDAQ:VMEO) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 3,670,000 shares, an increase of 21.5% from the November 15th total of 3,020,000 shares. Currently, 2.6% of the company’s shares are short sold. Based on an average trading volume of 1,360,000 shares, the short-interest ratio is presently 2.7 days.

Vimeo Trading Down 4.2 %

Shares of NASDAQ VMEO opened at $6.84 on Friday. Vimeo has a 12-month low of $3.43 and a 12-month high of $7.90. The stock has a market cap of $1.13 billion, a P/E ratio of 34.20 and a beta of 2.23. The business’s fifty day simple moving average is $5.97 and its 200-day simple moving average is $4.93.

Vimeo (NASDAQ:VMEO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Vimeo had a net margin of 8.08% and a return on equity of 8.56%. The company had revenue of $104.56 million during the quarter, compared to the consensus estimate of $99.48 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts forecast that Vimeo will post 0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Vimeo

Institutional investors have recently added to or reduced their stakes in the business. CWA Asset Management Group LLC purchased a new stake in shares of Vimeo in the 3rd quarter valued at about $391,000. FMR LLC increased its position in Vimeo by 65.1% during the third quarter. FMR LLC now owns 1,392,457 shares of the company’s stock worth $7,032,000 after buying an additional 548,812 shares during the period. Divisar Capital Management LLC lifted its stake in Vimeo by 10.5% in the second quarter. Divisar Capital Management LLC now owns 8,388,993 shares of the company’s stock valued at $31,291,000 after buying an additional 800,000 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Vimeo by 14.8% in the second quarter. Renaissance Technologies LLC now owns 6,292,354 shares of the company’s stock valued at $23,470,000 after acquiring an additional 808,954 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in shares of Vimeo by 134.9% in the third quarter. GSA Capital Partners LLP now owns 162,488 shares of the company’s stock valued at $821,000 after acquiring an additional 93,303 shares during the period. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VMEO shares. Piper Sandler upgraded shares of Vimeo from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $7.00 to $10.00 in a report on Tuesday, December 10th. Truist Financial lifted their target price on Vimeo from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, TD Cowen increased their price target on Vimeo from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th.

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.