Fiverr International Ltd. (NYSE:FVRR – Get Free Report) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 4,870,000 shares, a growth of 16.2% from the December 31st total of 4,190,000 shares. Approximately 14.7% of the shares of the company are sold short. Based on an average trading volume of 836,900 shares, the days-to-cover ratio is currently 5.8 days.
Fiverr International Trading Up 0.6 %
FVRR stock opened at $26.51 on Monday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.71 and a current ratio of 2.71. The company has a 50 day moving average price of $26.36 and a 200 day moving average price of $26.41. Fiverr International has a fifty-two week low of $20.04 and a fifty-two week high of $47.66.
Fiverr International (NYSE:FVRR – Get Free Report) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.11. The business had revenue of $92.50 million for the quarter, compared to analyst estimates of $91.16 million. Fiverr International had a negative return on equity of 0.30% and a negative net margin of 0.66%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.31) earnings per share. Equities research analysts anticipate that Fiverr International will post 0.21 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Fiverr International
A number of institutional investors and hedge funds have recently modified their holdings of the business. ARK Investment Management LLC raised its position in shares of Fiverr International by 29.5% during the 3rd quarter. ARK Investment Management LLC now owns 73,485 shares of the company’s stock valued at $1,798,000 after acquiring an additional 16,731 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Fiverr International by 76.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 352,955 shares of the company’s stock valued at $8,637,000 after buying an additional 153,202 shares during the period. Arkadios Wealth Advisors boosted its holdings in Fiverr International by 32.8% during the third quarter. Arkadios Wealth Advisors now owns 78,424 shares of the company’s stock worth $1,919,000 after buying an additional 19,349 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in Fiverr International during the third quarter worth about $233,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Fiverr International during the 2nd quarter worth about $494,000. 49.55% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on FVRR. The Goldman Sachs Group upgraded Fiverr International from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Friday, January 19th. UBS Group started coverage on shares of Fiverr International in a report on Wednesday, October 4th. They set a “buy” rating and a $33.00 price objective for the company. Royal Bank of Canada dropped their price target on shares of Fiverr International from $34.00 to $26.00 and set a “sector perform” rating for the company in a research report on Friday, November 10th. Roth Mkm upgraded Fiverr International from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Tuesday, October 3rd. Finally, JMP Securities dropped their price objective on Fiverr International from $50.00 to $40.00 and set a “market outperform” rating for the company in a research note on Friday, November 10th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Fiverr International presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.10.
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 approximately 600 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.