Fiverr International Ltd. (NYSE:FVRR) Sees Significant Growth in Short Interest

Fiverr International Ltd. (NYSE:FVRR - Get Free Report) was the target of a significant growth in short interest in 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. Approximately 22.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 709,500 shares, the days-to-cover ratio is presently 9.5 days.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Fiverr International

A number of hedge funds have recently bought and sold shares of the stock. Huntington National Bank boosted its position in shares of Fiverr International by 35,200.0% during the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company's stock worth $27,000 after acquiring an additional 1,056 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Fiverr International by 18.4% in the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company's stock valued at $332,000 after purchasing an additional 2,208 shares in the last quarter. Shaker Investments LLC OH purchased a new position in Fiverr International in the third quarter valued at approximately $552,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Fiverr International during the 3rd quarter worth approximately $683,000. Finally, Geode Capital Management LLC raised its stake in Fiverr International by 12.6% during the 3rd quarter. Geode Capital Management LLC now owns 26,472 shares of the company's stock worth $685,000 after acquiring an additional 2,961 shares in the last quarter. Institutional investors and hedge funds own 59.00% of the company's stock.

Fiverr International Trading Down 1.1 %

Shares of FVRR stock traded down $0.38 on Friday, hitting $34.07. The stock had a trading volume of 377,248 shares, compared to its average volume of 837,878. The company's 50 day moving average price is $28.74 and its 200-day moving average price is $25.71. Fiverr International has a 1 year low of $18.83 and a 1 year 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. The firm has a market capitalization of $1.32 billion, a P/E ratio of 131.04 and a beta of 1.69.

Fiverr International (NYSE:FVRR - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.09. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. The company had revenue of $99.63 million for the quarter, compared to analyst estimates of $96.37 million. Analysts anticipate that Fiverr International will post 0.51 earnings per share for the current year.

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.