Fiverr International Ltd. (NYSE:FVRR) Short Interest Up 13.7% in October

Fiverr International Ltd. (NYSE:FVRR) was the target of a large increase in short interest in 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. Based on an average daily volume of 641,100 shares, the days-to-cover ratio is presently 9.7 days. Approximately 20.9% of the shares of the stock are sold short.

Institutional Investors Weigh In On Fiverr International

Hedge funds have recently made changes to their positions in the stock. ARK Investment Management LLC lifted its holdings in shares of Fiverr International by 27.1% during the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock valued at $2,568,000 after purchasing an additional 23,335 shares during the last quarter. Shaker Investments LLC OH acquired a new stake in Fiverr International in the third quarter worth about $552,000. Engine Capital Management LP grew its stake in shares of Fiverr International by 2.7% during the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after acquiring an additional 21,144 shares during the last quarter. Swedbank AB acquired a new position in shares of Fiverr International during the first quarter valued at about $400,000. Finally, Janney Montgomery Scott LLC raised its position in shares of Fiverr International by 21.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after purchasing an additional 7,307 shares during the last quarter. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

Fiverr International Stock Up 0.3 %

Shares of FVRR traded up $0.10 during midday trading on Thursday, reaching $29.26. 1,319,841 shares of the stock were exchanged, compared to its average volume of 849,595. The company has a market capitalization of $1.13 billion, a P/E ratio of 133.55 and a beta of 1.71. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 1.44. Fiverr International has a 52 week low of $18.83 and a 52 week high of $32.68. The company’s 50 day moving average is $24.49 and its two-hundred day moving average is $23.62.

Fiverr International (NYSE:FVRR) last issued its earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. The company had revenue of $99.63 million for the quarter, compared to analysts’ expectations of $96.37 million. Fiverr International had a net margin of 3.17% and a return on equity of 5.67%. On average, sell-side analysts anticipate that Fiverr International will post 0.57 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FVRR shares. The Goldman Sachs Group lowered their price target on Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Roth Mkm restated a “buy” rating and issued a $32.00 target price (up previously from $30.00) on shares of Fiverr International in a report on Thursday, August 1st. Needham & Company LLC reiterated a “buy” rating and set a $36.00 price target on shares of Fiverr International in a report on Wednesday. Finally, JMP Securities raised their price objective on shares of Fiverr International from $32.00 to $36.00 and gave the stock a “market outperform” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.90.

Fiverr International Company Profile

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.