Fiverr International (NYSE:FVRR) Short Interest Down 19.4% in March
by Renee Jackson · The Cerbat GemFiverr International (NYSE:FVRR – Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 4,214,126 shares, a drop of 19.4% from the March 15th total of 5,227,423 shares. Based on an average daily volume of 851,010 shares, the short-interest ratio is presently 5.0 days. Currently, 13.9% of the company’s stock are sold short.
Fiverr International Stock Performance
Fiverr International stock traded up $0.01 during midday trading on Friday, reaching $10.91. 1,030,212 shares of the stock traded hands, compared to its average volume of 693,849. Fiverr International has a fifty-two week low of $9.67 and a fifty-two week high of $34.13. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.06. The firm has a market cap of $392.03 million, a price-to-earnings ratio of 19.13 and a beta of 1.35. The firm has a fifty day moving average price of $11.16 and a two-hundred day moving average price of $17.13.
Fiverr International (NYSE:FVRR – Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. Fiverr International had a return on equity of 16.58% and a net margin of 4.87%.The company had revenue of $107.17 million for the quarter, compared to analysts’ expectations of $108.98 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities research analysts forecast that Fiverr International will post 1.04 earnings per share for the current year.
Institutional Trading of Fiverr International
A number of hedge funds and other institutional investors have recently made changes to their positions in FVRR. Tidal Investments LLC raised its holdings in Fiverr International by 2.5% during the second quarter. Tidal Investments LLC now owns 25,420 shares of the company’s stock worth $746,000 after purchasing an additional 614 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Fiverr International by 4.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,003 shares of the company’s stock valued at $366,000 after purchasing an additional 672 shares during the period. Strategic Advocates LLC purchased a new stake in Fiverr International during the third quarter valued at about $26,000. Geode Capital Management LLC boosted its holdings in shares of Fiverr International by 4.5% in the second quarter. Geode Capital Management LLC now owns 25,817 shares of the company’s stock worth $756,000 after buying an additional 1,112 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Fiverr International during the fourth quarter valued at approximately $32,000. 59.00% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on FVRR shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Fiverr International in a report on Thursday, January 29th. Scotiabank dropped their target price on shares of Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating on the stock in a report on Thursday, February 19th. Citigroup reaffirmed a “neutral” rating and issued a $15.00 price target (down from $33.00) on shares of Fiverr International in a report on Thursday, February 19th. BTIG Research reiterated a “neutral” rating on shares of Fiverr International in a research note on Monday, March 2nd. Finally, Zacks Research downgraded 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $19.30.
Get Our Latest Research Report on Fiverr International
About Fiverr International
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.