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

Fiverr International Ltd. (NYSE:FVRR - Get Free Report) was the target of a significant 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. Currently, 20.9% of the shares of the stock are sold short. Based on an average daily volume of 641,100 shares, the short-interest ratio is presently 9.7 days.

Analyst Ratings Changes

Several equities analysts have issued reports on FVRR shares. Roth Mkm reaffirmed a "buy" rating and set a $32.00 price objective (up from $30.00) on shares of Fiverr International in a report on Thursday, August 1st. The Goldman Sachs Group decreased their price objective on shares of Fiverr International from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, August 1st. Needham & Company LLC reaffirmed a "buy" rating and set a $36.00 price objective on shares of Fiverr International in a report on Wednesday, July 31st. Finally, UBS Group downgraded shares of Fiverr International from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $37.00 to $25.00 in a report on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Fiverr International presently has a consensus rating of "Moderate Buy" and an average price target of $31.30.

Institutional Investors Weigh In On Fiverr International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp increased its position in shares of Fiverr International by 18.4% during the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company's stock valued at $332,000 after acquiring an additional 2,208 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Fiverr International by 9.5% during the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company's stock valued at $749,000 after acquiring an additional 3,095 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Fiverr International by 21.5% during the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company's stock valued at $870,000 after acquiring an additional 7,307 shares during the last quarter. Swedbank AB acquired a new stake in shares of Fiverr International during the first quarter valued at about $400,000. Finally, Engine Capital Management LP increased its position 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 valued at $19,079,000 after acquiring an additional 21,144 shares during the last quarter. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Fiverr International Price Performance

Shares of NYSE:FVRR traded up $0.46 during midday trading on Tuesday, hitting $25.06. The company's stock had a trading volume of 1,233,619 shares, compared to its average volume of 830,760. Fiverr International has a 12-month low of $18.83 and a 12-month high of $31.61. The company has a market cap of $968.67 million, a P/E ratio of 111.82 and a beta of 1.71. The business's 50 day simple moving average is $24.44 and its 200 day simple moving average is $23.54. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.17 and a current ratio of 3.17.

Fiverr International (NYSE:FVRR - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Fiverr International had a net margin of 3.17% and a return on equity of 5.67%. The firm had revenue of $94.66 million during the quarter, compared to analysts' expectations of $94.69 million. On average, analysts forecast that Fiverr International will post 0.57 EPS 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.

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