Fiverr International (NYSE:FVRR) Short Interest Down 17.0% in February

Fiverr International (NYSE:FVRR) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 5,308,120 shares, a decrease 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. Currently, 17.6% of the company’s shares are sold short. Currently, 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.

Hedge Funds Weigh In On Fiverr International

Several institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its stake in shares of Fiverr International by 26.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company’s stock valued at $65,666,000 after buying an additional 566,636 shares during the period. Avory & Company LLC raised its stake in Fiverr International by 0.8% during the 3rd quarter. Avory & Company LLC now owns 1,064,005 shares of the company’s stock worth $25,972,000 after buying an additional 8,694 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Fiverr International by 4.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 840,575 shares of the company’s stock worth $20,518,000 after acquiring an additional 35,841 shares in the last quarter. Engine Capital Management LP boosted its holdings in Fiverr International by 20.3% in the fourth quarter. Engine Capital Management LP now owns 750,424 shares of the company’s stock worth $14,828,000 after acquiring an additional 126,701 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Fiverr International by 12.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 711,254 shares of the company’s stock valued at $14,054,000 after acquiring an additional 76,075 shares during the period. Institutional investors and hedge funds own 59.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on FVRR shares. The Goldman Sachs Group lowered their price target on shares of Fiverr International from $44.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Roth Mkm cut shares of Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research report on Thursday, February 19th. Needham & Company LLC reissued a “hold” rating on shares of Fiverr International in a research note on Wednesday, February 18th. Citigroup restated a “neutral” rating and issued a $15.00 target price (down from $33.00) on shares of Fiverr International in a report on Thursday, February 19th. Finally, Scotiabank cut their price target on shares of Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating on the stock in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.30.

Fiverr International Trading Up 0.2%

Shares of Fiverr International stock traded up $0.03 on Monday, reaching $10.49. 627,393 shares of the company’s stock were exchanged, compared to its average volume of 1,557,074. The company has a market capitalization of $376.94 million, a P/E ratio of 18.40 and a beta of 1.33. Fiverr International has a 52 week low of $10.15 and a 52 week high of $34.13. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.93 and a current ratio of 1.93. The firm’s 50-day moving average is $14.55 and its two-hundred day moving average is $19.49.

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

About Fiverr International

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.