Short Interest in Fiverr International (NYSE:FVRR) Declines By 23.0%

by · The Markets Daily

Fiverr International (NYSE:FVRR – Get Free Report) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 3,378,203 shares, a drop of 23.0% from the November 30th total of 4,389,449 shares. Approximately 11.2% of the company’s stock are short sold. Based on an average daily volume of 633,436 shares, the days-to-cover ratio is currently 5.3 days. Based on an average daily volume of 633,436 shares, the days-to-cover ratio is currently 5.3 days. Approximately 11.2% of the company’s stock are short sold.

Fiverr International Trading Up 0.1%

NYSE:FVRR traded up $0.02 during trading hours on Wednesday, reaching $19.73. The company’s stock had a trading volume of 875,767 shares, compared to its average volume of 717,925. The firm has a 50-day simple moving average of $21.01 and a 200-day simple moving average of $23.51. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.33 and a current ratio of 1.33. Fiverr International has a 1 year low of $19.35 and a 1 year high of $35.45. The firm has a market capitalization of $707.12 million, a price-to-earnings ratio of 33.44 and a beta of 1.28.

Fiverr International (NYSE:FVRR – Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. The firm had revenue of $107.90 million for the quarter, compared to analysts’ expectations of $107.88 million. Fiverr International had a net margin of 5.23% and a return on equity of 13.53%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 earnings per share. Research analysts expect that Fiverr International will post 1.04 EPS for the current fiscal year.

Institutional Trading of Fiverr International

Hedge funds and other institutional investors have recently modified their holdings of the business. Strategic Advocates LLC bought a new position in shares of Fiverr International during the third quarter valued at $26,000. Danske Bank A S bought a new stake in Fiverr International in the 3rd quarter worth about $437,000. Dark Forest Capital Management LP purchased a new position in Fiverr International in the 3rd quarter worth about $220,000. PharVision Advisers LLC lifted its stake in Fiverr International by 116.9% during the 3rd quarter. PharVision Advisers LLC now owns 17,288 shares of the company’s stock valued at $422,000 after acquiring an additional 9,319 shares during the period. Finally, XTX Topco Ltd bought a new position in Fiverr International during the 3rd quarter valued at about $767,000. 59.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FVRR. BTIG Research upgraded Fiverr International from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Friday, September 19th. Weiss Ratings started coverage on shares of Fiverr International in a report on Saturday, November 1st. They set a “sell (d+)” rating for the company. Oppenheimer lowered their price objective on shares of Fiverr International from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 16th. Needham & Company LLC restated a “buy” rating and issued a $32.00 target price on shares of Fiverr International in a research note on Tuesday, September 16th. Finally, Zacks Research raised Fiverr International from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Fiverr International currently has an average rating of “Moderate Buy” and a consensus target price of $32.60.

Check Out Our Latest Analysis on FVRR

About Fiverr International

(Get Free Report)

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.

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