Fiverr International Ltd. (NYSE:FVRR – Get Rating) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 5,340,000 shares, an increase of 21.9% from the August 15th total of 4,380,000 shares. Currently, 17.3% of the shares of the company are short sold. Based on an average daily trading volume, of 825,800 shares, the short-interest ratio is currently 6.5 days.
Analyst Upgrades and Downgrades
Separately, Needham & Company LLC upped their target price on shares of Fiverr International from $40.00 to $50.00 in a report on Friday, August 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $59.17.
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Fiverr International Price Performance
Shares of FVRR traded down $0.09 during mid-day trading on Monday, reaching $32.32. The stock had a trading volume of 562,808 shares, compared to its average volume of 1,035,966. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -12.91 and a beta of 1.79. Fiverr International has a 12 month low of $29.04 and a 12 month high of $210.55. The business has a fifty day moving average of $36.15 and a 200 day moving average of $46.55. The company has a debt-to-equity ratio of 1.94, a quick ratio of 2.70 and a current ratio of 2.70.
Fiverr International (NYSE:FVRR – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($1.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.63) by ($0.50). Fiverr International had a negative return on equity of 31.00% and a negative net
margin of 28.46%. The firm had revenue of $85.00 million during the quarter, compared to the consensus estimate of $86.71 million. During the same quarter in the previous year, the company earned ($0.17) earnings per share. The business's revenue for the quarter was up 12.9% compared to the same quarter last year. Equities analysts predict that Fiverr International will post -2.71 EPS for the current year.
Hedge Funds Weigh In On Fiverr International
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors lifted its position in Fiverr International by 30.6% during the second quarter. Captrust Financial Advisors now owns 1,612 shares of the company's stock valued at $55,000 after purchasing an additional 378 shares during the last quarter. Freemont Management S.A. bought a new position in Fiverr International during the first quarter valued at $128,000. Industrial Alliance Investment Management Inc. bought a new position in Fiverr International during the first quarter valued at $134,000. Ensign Peak Advisors Inc bought a new position in Fiverr International during the second quarter valued at $70,000. Finally, Neuberger Berman Group LLC bought a new position in Fiverr International during the first quarter valued at $229,000. Institutional investors own 53.28% of the company's stock.
Fiverr International Company Profile
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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 approximately 550 categories in nine verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, data, and lifestyle.
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