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Vimeo Experiences Surge in Short Interest and Institutional Activity

Vimeo, Inc. (NASDAQ: VMEO) has seen a substantial increase in short interest as of July 15, 2023. The total short interest reached 4,640,000 shares, marking an extraordinary rise of 1,107.7% from the previous total of 384,200 shares reported on June 30, 2023. With an average daily trading volume of 1,440,000 shares, the days-to-cover ratio stands at 3.2 days, indicating a significant level of bearish sentiment among investors.

Institutional investors have been actively reshaping their positions in Vimeo. Notably, GAMMA Investing LLC increased its stake by 1,547.0% during the first quarter, bringing its total ownership to 4,908 shares valued at approximately $26,000. Similarly, Sterling Capital Management LLC raised its stake by 780.4% in the fourth quarter, now holding 4,578 shares valued at around $29,000.

Other significant movements include Point72 Asia Singapore Pte. Ltd., which increased its stake by 919.9% during the same quarter, now owning 7,231 shares valued at approximately $46,000. DekaBank Deutsche Girozentrale and Quarry LP also made new investments in Vimeo, with stakes valued at approximately $45,000 and $47,000, respectively. Overall, approximately 84.97% of Vimeo’s shares are now owned by institutional and hedge fund investors.

Vimeo’s Stock Performance and Analyst Perspectives

On the trading front, Vimeo’s shares opened at $3.65 on Monday, reflecting a decline of 3.7%. The stock has experienced a 12-month low of $3.44 and a high of $7.90. With a market capitalization of $601.30 million, Vimeo’s price-to-earnings ratio currently stands at 36.50, while the beta is measured at 2.00. The company’s 50-day moving average price is $4.13, and the 200-day moving average price is $5.02.

Recent research reports from equities analysts indicate a mixed outlook for Vimeo. Jefferies Financial Group has revised its price target, lowering it from $7.00 to $5.40 while maintaining a “hold” rating. In contrast, Piper Sandler set a more optimistic price target of $8.00 and designated the stock as “overweight.”

About Vimeo, Inc.

Vimeo, Inc. provides video software solutions globally, utilizing a software-as-a-service model. This platform enables users to create, collaborate, and share video content efficiently. In addition to video tools, Vimeo offers over-the-top (OTT) streaming services, AI-driven video creation and editing tools, and interactive video features designed for monetization.

As Vimeo navigates these changes in market sentiment and institutional investment, the company remains a focal point for investors and analysts alike, reflecting the evolving landscape of digital media and video technology.

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