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 the month of September. As of September 30th, there was short interest totalling 5,480,000 shares, an increase of 5.2% from the September 15th total of 5,210,000 shares. Based on an average trading volume of 662,700 shares, the short-interest ratio is currently 8.3 days. Currently, 18.4% of the company’s shares are sold short.

Institutional Trading of Fiverr International

A number of large investors have recently added to or reduced their stakes in FVRR. Van ECK Associates Corp lifted its position in shares of Fiverr International by 18.4% in the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock valued at $332,000 after buying an additional 2,208 shares during the last quarter. Swedbank AB bought a new stake in Fiverr International in the 1st quarter valued at $400,000. Shaker Investments LLC OH acquired a new stake in Fiverr International during the 3rd quarter valued at $552,000. California State Teachers Retirement System boosted its position in Fiverr International by 9.5% during the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after purchasing an additional 3,095 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Fiverr International by 21.5% in the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after purchasing an additional 7,307 shares during the last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on FVRR. Roth Mkm reiterated a “buy” rating and issued a $32.00 price objective (up from $30.00) on shares of Fiverr International in a research report on Thursday, August 1st. UBS Group cut shares of Fiverr International from a “buy” rating to a “neutral” rating and reduced their price target for the company from $37.00 to $25.00 in a report on Tuesday, July 2nd. The Goldman Sachs Group lowered their price objective on shares of Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Fiverr International in a research report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.30.

Fiverr International Stock Down 2.5 %

Shares of NYSE:FVRR traded down $0.59 during midday trading on Thursday, reaching $22.65. The company had a trading volume of 433,437 shares, compared to its average volume of 833,622. Fiverr International has a 1-year low of $18.83 and a 1-year high of $31.61. The stock has a market cap of $875.32 million, a PE ratio of 102.93 and a beta of 1.71. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 1.44. The business’s 50 day moving average price is $24.67 and its 200 day moving average price is $23.38.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The firm had revenue of $94.66 million for the quarter, compared to analyst estimates of $94.69 million. Fiverr International had a return on equity of 5.67% and a net margin of 3.17%. Research analysts forecast that Fiverr International will post 0.57 EPS for the current fiscal year.

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.