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

Fiverr International (NYSE:FVRR) saw a large drop in short interest in 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 daily volume of 3,097,356 shares, the short-interest ratio is presently 1.7 days. Currently, 17.6% of the company’s stock are sold short. Currently, 17.6% of the company’s stock are sold short. Based on an average daily volume of 3,097,356 shares, the short-interest ratio is presently 1.7 days.

Hedge Funds Weigh In On Fiverr International

Several institutional investors have recently modified their holdings of FVRR. Millennium Management LLC lifted its holdings in Fiverr International by 20.9% during the first quarter. Millennium Management LLC now owns 369,714 shares of the company’s stock worth $8,755,000 after acquiring an additional 63,828 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of Fiverr International during the 2nd quarter valued at $262,000. Boston Partners increased its position in shares of Fiverr International by 15.0% during the 2nd quarter. Boston Partners now owns 46,787 shares of the company’s stock valued at $1,372,000 after purchasing an additional 6,107 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Fiverr International by 4.5% during the 2nd quarter. Geode Capital Management LLC now owns 25,817 shares of the company’s stock worth $756,000 after purchasing an additional 1,112 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Fiverr International by 11.5% in the 2nd quarter. Legal & General Group Plc now owns 33,271 shares of the company’s stock worth $976,000 after buying an additional 3,437 shares during the last quarter. 59.00% of the stock is owned by institutional investors.

Fiverr International Stock Up 0.2%

NYSE FVRR traded up $0.03 on Monday, reaching $10.49. The company had a trading volume of 627,393 shares, compared to its average volume of 1,557,074. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $376.94 million, a P/E ratio of 18.40 and a beta of 1.33. The company’s fifty day moving average is $14.55 and its 200 day moving average is $19.49. Fiverr International has a 52-week low of $10.15 and a 52-week high of $34.13.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of Fiverr International in a research report on Wednesday, February 18th. Citigroup reaffirmed a “neutral” rating and issued a $15.00 price objective (down from $33.00) on shares of Fiverr International in a research note on Thursday, February 19th. Zacks Research cut shares of Fiverr International from a “hold” rating to a “strong sell” rating in a report on Monday, February 23rd. Wall Street Zen lowered shares of Fiverr International from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Roth Mkm cut shares of Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.