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

Fiverr International Ltd. (NYSE:FVRR) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 3,750,000 shares, an increase of 15.4% from the May 31st total of 3,250,000 shares. Currently, 11.3% of the company’s stock are short sold. Based on an average trading volume of 945,000 shares, the days-to-cover ratio is presently 4.0 days.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. UBS Group lowered shares of Fiverr International from a “buy” rating to a “neutral” rating and dropped their price target for the company from $37.00 to $25.00 in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price target on shares of Fiverr International in a research note on Thursday, May 9th. BTIG Research dropped their price target on shares of Fiverr International from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Finally, The Goldman Sachs Group increased their price target on shares of Fiverr International from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.09.

Fiverr International Stock Performance

Shares of FVRR traded up $1.43 during mid-day trading on Wednesday, reaching $22.72. 138,076 shares of the company’s stock were exchanged, compared to its average volume of 931,751. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.08 and a quick ratio of 3.08. The stock has a market capitalization of $878.13 million, a PE ratio of 101.91 and a beta of 1.71. The business’s fifty day simple moving average is $23.25 and its 200-day simple moving average is $24.09. Fiverr International has a 52-week low of $18.83 and a 52-week high of $34.49.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). Fiverr International had a net margin of 2.38% and a return on equity of 4.87%. The firm had revenue of $93.52 million during the quarter, compared to analysts’ expectations of $92.45 million. On average, equities research analysts expect that Fiverr International will post 0.45 earnings per share for the current year.

Hedge Funds Weigh In On Fiverr International

A number of hedge funds and other institutional investors have recently bought and sold shares of FVRR. Bullseye Asset Management LLC grew its position in Fiverr International by 7.3% in the 3rd quarter. Bullseye Asset Management LLC now owns 36,760 shares of the company’s stock valued at $900,000 after buying an additional 2,500 shares during the last quarter. Legato Capital Management LLC lifted its holdings in Fiverr International by 14.8% in the fourth quarter. Legato Capital Management LLC now owns 39,932 shares of the company’s stock valued at $1,087,000 after acquiring an additional 5,143 shares during the period. ARK Investment Management LLC lifted its holdings in Fiverr International by 3.9% in the fourth quarter. ARK Investment Management LLC now owns 76,334 shares of the company’s stock valued at $2,078,000 after acquiring an additional 2,849 shares during the period. Arkadios Wealth Advisors lifted its holdings in Fiverr International by 16.7% in the fourth quarter. Arkadios Wealth Advisors now owns 91,492 shares of the company’s stock valued at $2,490,000 after acquiring an additional 13,068 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Fiverr International by 144.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 862,955 shares of the company’s stock valued at $23,490,000 after acquiring an additional 510,000 shares during the period. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

About Fiverr International

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.