Fiverr International (NYSE:FVRR) Short Interest Down 19.4% in March

Fiverr International (NYSE:FVRR) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 4,214,126 shares, a decline of 19.4% from the March 15th total of 5,227,423 shares. Currently, 13.9% of the company’s stock are sold short. Based on an average trading volume of 851,010 shares, the days-to-cover ratio is presently 5.0 days.

Hedge Funds Weigh In On Fiverr International

Large investors have recently bought and sold shares of the stock. Strategic Advocates LLC acquired a new position in Fiverr International during the 3rd quarter valued at $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 acquired a new position in Fiverr International during the 4th quarter valued at $46,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in Fiverr International by 586.8% during 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 last quarter. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $15.00 target price (down from $30.00) on shares of Fiverr International in a research note on Thursday, February 19th. Roth Mkm cut shares of Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a research note on Thursday, February 19th. Royal Bank Of Canada reduced their target price on shares of Fiverr International from $28.00 to $16.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 18th. Scotiabank reduced their target price on shares of Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating for the company in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group reduced their target price on shares of Fiverr International from $44.00 to $24.00 and set a “buy” rating for the company in a research note 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $19.30.

Fiverr International Stock Performance

Shares of Fiverr International stock traded up $0.01 on Friday, reaching $10.91. The stock had a trading volume of 1,030,212 shares, compared to its average volume of 693,849. The business’s 50-day moving average price is $11.16 and its two-hundred day moving average price is $17.13. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.93 and a current ratio of 1.93. Fiverr International has a fifty-two week low of $9.67 and a fifty-two week high of $34.13. The stock has a market cap of $392.03 million, a P/E ratio of 19.13 and a beta of 1.35.

Fiverr International (NYSE:FVRR) last released its earnings results on Saturday, February 14th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.76 by $0.10. The firm had revenue of $107.17 million during the quarter, compared to analysts’ expectations of $108.98 million. Fiverr International had a net margin of 4.87% and a return on equity of 16.58%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. On average, sell-side analysts forecast that Fiverr International will post 1.04 EPS for the current year.

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.