Short Interest in Fiverr International (NYSE:FVRR) Drops By 17.0%

Fiverr International (NYSE:FVRR) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 5,308,120 shares, a drop of 17.0% from the February 12th total of 6,393,437 shares. Based on an average trading volume of 3,097,356 shares, the short-interest ratio is currently 1.7 days. Approximately 17.6% of the company’s shares are sold short. Approximately 17.6% of the company’s shares are sold short. Based on an average trading volume of 3,097,356 shares, the short-interest ratio is currently 1.7 days.

Fiverr International Stock Performance

Fiverr International stock traded up $0.54 on Tuesday, reaching $11.00. 912,223 shares of the stock were exchanged, compared to its average volume of 1,922,795. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.06. Fiverr International has a twelve month low of $10.15 and a twelve month high of $34.13. The firm has a fifty day moving average price of $14.18 and a two-hundred day moving average price of $19.31. The stock has a market cap of $395.52 million, a PE ratio of 19.30 and a beta of 1.32.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. Fiverr International had a return on equity of 16.58% and a net margin of 4.87%.The business had revenue of $107.17 million for the quarter, compared to analyst estimates of $108.98 million. During the same period in the previous year, the company posted $0.64 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Sell-side analysts anticipate that Fiverr International will post 1.04 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FVRR. Strategic Advocates LLC acquired a new stake in shares of Fiverr International in the third quarter worth $26,000. Russell Investments Group Ltd. acquired a new position in Fiverr International during the 4th quarter valued at $32,000. Northwestern Mutual Wealth Management Co. acquired a new position in Fiverr International during the 4th quarter valued at $43,000. Clearstead Trust LLC bought a new stake in Fiverr International in the 4th quarter valued at $46,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Fiverr International by 586.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,493 shares of the company’s stock valued at $49,000 after purchasing an additional 2,130 shares during the period. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FVRR has been the subject of several research analyst reports. Royal Bank Of Canada dropped their price target on shares of Fiverr International from $28.00 to $16.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 18th. Roth Mkm lowered shares of Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a report on Thursday, February 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of Fiverr International in a research note on Thursday, January 29th. Needham & Company LLC restated a “hold” rating on shares of Fiverr International in a report on Wednesday, February 18th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $15.00 target price (down from $33.00) on shares of Fiverr International in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $19.30.

Fiverr International Company Profile

Fiverr International Ltd. operates an online marketplace that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.

Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.