Fiverr International Ltd. (NYSE:FVRR) Sees Significant Growth in Short Interest

Fiverr International Ltd. (NYSE:FVRR) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 6,230,000 shares, a growth of 13.7% from the September 30th total of 5,480,000 shares. Based on an average daily volume of 641,100 shares, the short-interest ratio is currently 9.7 days. Currently, 20.9% of the shares of the company are sold short.

Fiverr International Price Performance

Shares of NYSE:FVRR traded up $0.10 during midday trading on Thursday, reaching $29.26. 1,319,841 shares of the company’s stock traded hands, compared to its average volume of 849,595. The company has a market cap of $1.13 billion, a P/E ratio of 133.55 and a beta of 1.71. The company has a fifty day simple moving average of $24.49 and a two-hundred day simple moving average of $23.62. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.17 and a current ratio of 3.17. Fiverr International has a 1 year low of $18.83 and a 1 year high of $32.68.

Fiverr International (NYSE:FVRR) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09. Fiverr International had a net margin of 3.17% and a return on equity of 5.67%. The firm had revenue of $99.63 million during the quarter, compared to the consensus estimate of $96.37 million. Equities analysts predict that Fiverr International will post 0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Engine Capital Management LP increased its position in shares of Fiverr International by 2.7% during the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after purchasing an additional 21,144 shares in the last quarter. ARK Investment Management LLC lifted its stake in shares of Fiverr International by 27.1% in the second quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock worth $2,568,000 after buying an additional 23,335 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Fiverr International by 21.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after acquiring an additional 7,307 shares in the last quarter. California State Teachers Retirement System raised its holdings in Fiverr International by 9.5% in the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock valued at $749,000 after acquiring an additional 3,095 shares during the last quarter. Finally, Shaker Investments LLC OH acquired a new position in shares of Fiverr International during the 3rd quarter worth approximately $552,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Analyst Upgrades and Downgrades

FVRR has been the subject of several research reports. Roth Mkm restated a “buy” rating and set a $32.00 price objective (up from $30.00) on shares of Fiverr International in a research note on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and set a $36.00 target price on shares of Fiverr International in a research report on Wednesday. The Goldman Sachs Group cut their price target on Fiverr International from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Finally, JMP Securities lifted their price target on Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $30.90.

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.