Fiverr International Ltd. (NYSE:FVRR) Short Interest Update

Fiverr International Ltd. (NYSE:FVRR) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 6,710,000 shares, a growth of 10.5% from the November 15th total of 6,070,000 shares. Currently, 22.5% of the shares of the stock are sold short. Based on an average daily volume of 709,500 shares, the short-interest ratio is presently 9.5 days.

Fiverr International Trading Down 1.1 %

Shares of NYSE FVRR opened at $34.07 on Friday. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 1.47. The company has a 50-day moving average of $28.74 and a two-hundred day moving average of $25.71. Fiverr International has a 1-year low of $18.83 and a 1-year high of $36.11. The company has a market cap of $1.32 billion, a PE ratio of 131.04 and a beta of 1.69.

Fiverr International (NYSE:FVRR) last released its earnings results on Wednesday, October 30th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. The company had revenue of $99.63 million during the quarter, compared to analysts’ expectations of $96.37 million. As a group, equities analysts expect that Fiverr International will post 0.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FVRR. Engine Capital Management LP lifted its holdings in Fiverr International by 2.7% in the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock valued at $19,079,000 after buying an additional 21,144 shares during the period. ARK Investment Management LLC increased its holdings in Fiverr International by 27.1% in the second quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock valued at $2,568,000 after purchasing an additional 23,335 shares during the last quarter. Geode Capital Management LLC lifted its stake in Fiverr International by 12.6% in the third quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock valued at $685,000 after buying an additional 2,961 shares during the period. Public Employees Retirement System of Ohio bought a new position in Fiverr International during the third quarter worth about $683,000. Finally, Shaker Investments LLC OH acquired a new position in shares of Fiverr International during the 3rd quarter worth about $552,000. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FVRR. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price objective on shares of Fiverr International in a report on Wednesday, October 30th. Citigroup boosted their price target on Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. JMP Securities increased their price objective on Fiverr International from $32.00 to $36.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. BTIG Research downgraded shares of Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Finally, UBS Group increased their target price on shares of Fiverr International from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.30.

Fiverr International Company Profile

Fiverr International Ltd. operates an online marketplace worldwide. Its platform enables sellers to sell their services and buyers to buy them. The company's platform includes various categories in ten verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and tech, business, data, lifestyle, and photography.