Short Interest in Fiverr International (NYSE:FVRR) Increases By 28.3%

Fiverr International (NYSE:FVRR) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 6,393,437 shares, a growth of 28.3% from the January 29th total of 4,983,654 shares. Approximately 21.2% of the company’s stock are short sold. Based on an average daily volume of 1,585,656 shares, the short-interest ratio is currently 4.0 days. Based on an average daily volume of 1,585,656 shares, the short-interest ratio is currently 4.0 days. Approximately 21.2% of the company’s stock are short sold.

Fiverr International Trading Up 2.0%

Shares of NYSE:FVRR opened at $10.91 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.33 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $390.84 million, a PE ratio of 19.13 and a beta of 1.32. Fiverr International has a 1 year low of $10.15 and a 1 year high of $34.13. The firm has a fifty day moving average price of $15.78 and a 200 day moving average price of $20.11.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. The company had revenue of $107.17 million during the quarter, compared to analysts’ expectations of $108.98 million. Fiverr International had a return on equity of 16.58% and a net margin of 4.87%.The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Analysts expect that Fiverr International will post 1.04 EPS for the current fiscal year.

Institutional Trading of Fiverr International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Strategic Advocates LLC acquired a new position in Fiverr International in the 3rd quarter valued at $26,000. Assetmark Inc. acquired a new position in Fiverr International during the 2nd quarter worth $41,000. Russell Investments Group Ltd. bought a new stake in Fiverr International during the fourth quarter valued at about $32,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Fiverr International in the fourth quarter valued at about $43,000. Finally, Clearstead Trust LLC acquired a new stake in shares of Fiverr International in the fourth quarter valued at about $46,000. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on FVRR. The Goldman Sachs Group decreased their price target on shares of Fiverr International from $44.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, February 19th. BTIG Research reissued a “neutral” rating on shares of Fiverr International in a research note on Monday. Royal Bank Of Canada lowered their price target on shares of Fiverr International from $28.00 to $16.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 18th. Wall Street Zen lowered Fiverr International from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Scotiabank reduced their price objective on Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating for the company in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.30.

Fiverr International Company Profile

Fiverr International Ltd. operates an online marketplace that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.

Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.