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Vimeo Inc (VMEO) rating upgrades by Piper Sandler

Vimeo Inc’s recent filing unveils that its Director Gross Adam acquired Company’s shares for reported $0.25 million on Aug 12 ’24. In the deal valued at $5.01 per share,50,000 shares were bought. As a result of this transaction, Gross Adam now holds 282,247 shares worth roughly $1.94 million.

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Then, Schiffman Glenn bought 20,000 shares, generating $95,100 in total proceeds. Upon buying the shares at $4.75, the Director now owns 367,404 shares.

Before that, Munson Gillian bought 4,348 shares. Vimeo Inc shares valued at $20,131 were divested by the Chief Financial Officer at a price of $4.63 per share. As a result of the transaction, Munson Gillian now holds 1,040,676 shares, worth roughly $7.17 million.

Piper Sandler upgraded its Vimeo Inc [VMEO] rating to an Overweight from a a Neutral in a research note published on December 10, 2024; the price target was increased to $10 from $7. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. Piper Sandler also remained covering VMEO and has decreased its forecast on May 06, 2022 with a “Neutral” recommendation from previously “an Overweight” rating. JP Morgan maintained its rating on December 15, 2021. It rated VMEO as “a Neutral”.

Price Performance Review of VMEO

On Tuesday, Vimeo Inc [NASDAQ:VMEO] saw its stock fall -1.29% to $6.89. Over the last five days, the stock has lost -5.87%. Vimeo Inc shares have risen nearly 75.77% since the year began. Nevertheless, the stocks have risen 78.96% over the past one year. While a 52-week high of $7.90 was reached on 12/10/24, a 52-week low of $3.43 was recorded on 04/25/24. SMA at 50 days reached $6.02, while 200 days put it at $4.72.

Levels Of Support And Resistance For VMEO Stock

The 24-hour chart illustrates a support level at 6.81, which if violated will result in even more drops to 6.74. On the upside, there is a resistance level at 7.01. A further resistance level may holdings at 7.14. The Relative Strength Index (RSI) on the 14-day chart is 56.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.63%. Stochastics %K at 30.30% indicates the stock is a holding.

How much short interest is there in Vimeo Inc?

A steep rise in short interest was recorded in Vimeo Inc stocks on 2024-11-29, growing by 0.41 million shares to a total of 3.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.26 million shares. There was a rise of 11.2%, which implies that there is a positive sentiment for the stock.

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