Did Vimeo (VMEOV) IPO at Its Peak?
May 26, 2021
Did Vimeo (VMEOV) IPO at Its Peak?
Yesterday, Shares of Vimeo (VMEOV) declined in the stock's trading debut. Underlying Mentions show that Vimeo Demand has been holding at a higher level over the past year, up +43% vs. 2019 on a 90-day moving average.
The recent Purchase Intent growth mirrors the company's 57% Q1 sales improvement, but it remains to be seen if this newly spun-off company can maintain its 2020 growth trajectory... PI is already showing weakness vs. the ATH levels seen last year. Keep an eye out for a full coverage addition report in the future.