Short Interest in Fiverr International (NYSE:FVRR) Expands By 28.3%
by Teresa Graham · The Cerbat GemFiverr International (NYSE:FVRR – Get Free Report) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 6,393,437 shares, an increase of 28.3% from the January 29th total of 4,983,654 shares. Approximately 21.2% of the company’s shares are sold short. Based on an average trading volume of 1,585,656 shares, the short-interest ratio is presently 4.0 days. Based on an average trading volume of 1,585,656 shares, the short-interest ratio is presently 4.0 days. Approximately 21.2% of the company’s shares are sold short.
Wall Street Analyst Weigh In
Several analysts recently issued reports on FVRR shares. UBS Group lowered their target price on Fiverr International from $25.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 price objective (down from $30.00) on shares of Fiverr International in a research note on Thursday, February 19th. Royal Bank Of Canada decreased their target price on shares of Fiverr International from $28.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 18th. Wall Street Zen downgraded shares of Fiverr International from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Zacks Research cut shares of Fiverr International from a “hold” rating to a “strong sell” rating in a research note on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.30.
View Our Latest Stock Analysis on Fiverr International
Hedge Funds Weigh In On Fiverr International
A number of institutional investors have recently added to or reduced their stakes in FVRR. Virtu Financial LLC purchased a new position in shares of Fiverr International in the fourth quarter worth about $361,000. State of Tennessee Department of Treasury boosted its stake in shares of Fiverr International by 17.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 53,063 shares of the company’s stock valued at $1,049,000 after purchasing an additional 7,973 shares in the last quarter. Twinbeech Capital LP purchased a new stake in Fiverr International during the 4th quarter valued at about $366,000. Susquehanna Fundamental Investments LLC boosted its position in Fiverr International by 783.8% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 116,655 shares of the company’s stock valued at $2,305,000 after buying an additional 103,455 shares during the period. Finally, Numerai GP LLC increased its holdings in Fiverr International by 150.3% during the 4th quarter. Numerai GP LLC now owns 117,432 shares of the company’s stock valued at $2,320,000 after purchasing an additional 70,515 shares during the period. 59.00% of the stock is currently owned by institutional investors and hedge funds.
Fiverr International Stock Performance
FVRR stock traded up $0.22 during mid-day trading on Wednesday, reaching $10.91. 711,301 shares of the stock traded hands, compared to its average volume of 2,131,135. Fiverr International has a 52 week low of $10.15 and a 52 week high of $34.13. The company has a quick ratio of 1.33, a current ratio of 1.94 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $390.84 million, a PE ratio of 19.13 and a beta of 1.32. The business has a 50-day moving average of $15.78 and a two-hundred day moving average of $20.11.
Fiverr International (NYSE:FVRR – Get Free Report) last posted its earnings results on Wednesday, February 18th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.10. Fiverr International had a net margin of 4.87% and a return on equity of 16.58%. The business had revenue of $107.17 million for the quarter, compared to analyst estimates of $108.98 million. During the same quarter in the prior year, the firm earned $0.64 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts predict that Fiverr International will post 1.04 EPS for the current fiscal year.
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.