Fiverr International (NYSE:FVRR) Short Interest Down 23.0% in December

Fiverr International (NYSE:FVRR) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 3,378,203 shares, a drop of 23.0% from the November 30th total of 4,389,449 shares. Based on an average daily volume of 633,436 shares, the short-interest ratio is currently 5.3 days. Approximately 11.2% of the company’s shares are short sold. Approximately 11.2% of the company’s shares are short sold. Based on an average daily volume of 633,436 shares, the short-interest ratio is currently 5.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Strategic Advocates LLC acquired a new position in Fiverr International during the 3rd quarter worth $26,000. Danske Bank A S bought a new position in shares of Fiverr International in the third quarter worth about $437,000. Dark Forest Capital Management LP acquired a new position in shares of Fiverr International during the 3rd quarter worth about $220,000. PharVision Advisers LLC lifted its position in shares of Fiverr International by 116.9% during the 3rd quarter. PharVision Advisers LLC now owns 17,288 shares of the company’s stock worth $422,000 after purchasing an additional 9,319 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Fiverr International during the 3rd quarter valued at approximately $767,000. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Fiverr International Stock Down 0.2%

Shares of FVRR stock traded down $0.04 on Tuesday, hitting $19.67. The company’s stock had a trading volume of 1,010,863 shares, compared to its average volume of 702,616. The stock has a market capitalization of $704.87 million, a price-to-earnings ratio of 33.33 and a beta of 1.28. Fiverr International has a fifty-two week low of $19.35 and a fifty-two week high of $35.45. The firm’s fifty day moving average price is $21.07 and its 200-day moving average price is $23.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.33 and a quick ratio of 1.33.

Fiverr International (NYSE:FVRR) last posted its earnings results on Wednesday, November 5th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.07. Fiverr International had a return on equity of 13.53% and a net margin of 5.23%.The company had revenue of $107.90 million for the quarter, compared to analyst estimates of $107.88 million. During the same period last year, the company earned $0.64 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. Research analysts anticipate that Fiverr International will post 1.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FVRR. Needham & Company LLC reaffirmed a “buy” rating and issued a $32.00 target price on shares of Fiverr International in a research report on Tuesday, September 16th. Weiss Ratings initiated coverage on Fiverr International in a research note on Saturday, November 1st. They issued a “sell (d+)” rating for the company. Zacks Research raised Fiverr International from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. BTIG Research upgraded Fiverr International from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Friday, September 19th. Finally, Oppenheimer decreased their price target on shares of Fiverr International from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Fiverr International presently has a consensus rating of “Moderate Buy” and an average price target of $32.60.

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.