Short Interest in Fiverr International Ltd. (NYSE:FVRR) Rises By 13.7%

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FVRR. Needham & Company LLC reissued a “buy” rating and set a $36.00 target price on shares of Fiverr International in a report on Wednesday. The Goldman Sachs Group lowered their target price on shares of Fiverr International from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Finally, Roth Mkm reiterated a “buy” rating and set a $32.00 price target (up previously from $30.00) on shares of Fiverr International in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.30.

Institutional Investors Weigh In On Fiverr International

Several institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp grew its stake in 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 acquiring an additional 2,208 shares during the period. Swedbank AB bought a new position in shares of Fiverr International in the 1st quarter worth $400,000. Shaker Investments LLC OH acquired a new stake in Fiverr International in the 3rd quarter valued at $552,000. California State Teachers Retirement System increased its stake in Fiverr International by 9.5% during the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock valued at $749,000 after purchasing an additional 3,095 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Fiverr International by 21.5% during the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock worth $870,000 after buying an additional 7,307 shares during the last quarter. Institutional investors own 59.00% of the company’s stock.

Fiverr International Trading Up 1.9 %

Shares of NYSE FVRR traded up $0.56 during trading on Thursday, reaching $29.72. The company had a trading volume of 572,961 shares, compared to its average volume of 846,994. Fiverr International has a 12 month low of $18.83 and a 12 month high of $32.68. 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 stock has a market cap of $1.15 billion, a P/E ratio of 132.55 and a beta of 1.71. The company’s fifty day moving average price is $24.49 and its 200-day moving average price is $23.62.

Fiverr International (NYSE:FVRR) last announced its earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $99.63 million during the quarter, compared to the consensus estimate of $96.37 million. Fiverr International had a net margin of 3.17% and a return on equity of 5.67%. As a group, research analysts expect that Fiverr International will post 0.57 earnings per share for the current year.

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.