Fiverr International Ltd. (NYSE:FVRR) Short Interest Up 10.5% in November

Fiverr International Ltd. (NYSE:FVRR) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 6,710,000 shares, a growth of 10.5% from the November 15th total of 6,070,000 shares. Based on an average daily volume of 709,500 shares, the days-to-cover ratio is currently 9.5 days. Approximately 22.5% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

FVRR has been the subject of several analyst reports. BTIG Research cut shares of Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price objective on shares of Fiverr International in a research report on Wednesday, October 30th. JMP Securities increased their target price 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, October 31st. UBS Group lifted their price target on Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Citigroup increased their price target on Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.30.

Hedge Funds Weigh In On Fiverr International

Institutional investors and hedge funds have recently bought and sold shares of the business. ARK Investment Management LLC lifted its stake in Fiverr International by 27.1% in the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock worth $2,568,000 after purchasing an additional 23,335 shares in the last quarter. Shaker Investments LLC OH purchased a new position in Fiverr International during the third quarter worth approximately $552,000. Engine Capital Management LP lifted its position in 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 buying an additional 21,144 shares in the last quarter. Van ECK Associates Corp boosted its stake in Fiverr International by 18.4% during the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after buying an additional 2,208 shares during the last quarter. Finally, Huntington National Bank grew its holdings in Fiverr International by 35,200.0% in the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company’s stock valued at $27,000 after buying an additional 1,056 shares in the last quarter. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Fiverr International Price Performance

Shares of Fiverr International stock opened at $34.33 on Tuesday. The stock has a market capitalization of $1.33 billion, a P/E ratio of 132.02 and a beta of 1.69. The business has a 50 day simple moving average of $28.95 and a two-hundred day simple moving average of $25.79. Fiverr International has a 12 month low of $18.83 and a 12 month high of $36.11. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.99 and a quick ratio of 2.99.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. The firm had revenue of $99.63 million during the quarter, compared to the consensus estimate of $96.37 million. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. As a group, analysts predict that Fiverr International will post 0.51 EPS for the current fiscal year.

About Fiverr International

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.