Fiverr International Ltd. (NYSE:FVRR) Short Interest Up 15.4% in June

Fiverr International Ltd. (NYSE:FVRR) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 3,750,000 shares, an increase of 15.4% from the May 31st total of 3,250,000 shares. Currently, 11.3% of the company’s shares are short sold. Based on an average daily volume of 945,000 shares, the days-to-cover ratio is currently 4.0 days.

Fiverr International Stock Down 0.8 %

Shares of NYSE:FVRR opened at $23.43 on Monday. The stock has a market cap of $905.57 million, a price-to-earnings ratio of 106.50 and a beta of 1.71. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 1.23. Fiverr International has a 12-month low of $18.83 and a 12-month high of $34.49. The business’s 50 day moving average is $23.19 and its 200 day moving average is $24.13.

Fiverr International (NYSE:FVRR) last announced its earnings results on Thursday, May 9th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.05). The company had revenue of $93.52 million for the quarter, compared to analysts’ expectations of $92.45 million. Fiverr International had a net margin of 2.38% and a return on equity of 4.87%. On average, sell-side analysts forecast that Fiverr International will post 0.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FVRR has been the subject of a number of research analyst reports. BTIG Research lowered their target price on Fiverr International from $30.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Needham & Company LLC restated a “buy” rating and set a $33.00 price objective on shares of Fiverr International in a report on Thursday, May 9th. Finally, The Goldman Sachs Group boosted their price objective on Fiverr International from $39.00 to $44.00 and gave the company a “buy” rating in a report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.82.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp boosted its position in shares of Fiverr International by 9.5% during the fourth quarter. Van ECK Associates Corp now owns 11,439 shares of the company’s stock valued at $311,000 after buying an additional 990 shares during the last quarter. Bullseye Asset Management LLC boosted its position in Fiverr International by 7.3% in the third quarter. Bullseye Asset Management LLC now owns 36,760 shares of the company’s stock worth $900,000 after purchasing an additional 2,500 shares during the last quarter. ARK Investment Management LLC boosted its position in Fiverr International by 3.9% in the fourth quarter. ARK Investment Management LLC now owns 76,334 shares of the company’s stock worth $2,078,000 after purchasing an additional 2,849 shares during the last quarter. California State Teachers Retirement System boosted its position in Fiverr International by 9.5% in the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after purchasing an additional 3,095 shares during the last quarter. Finally, Vima LLC purchased a new position in Fiverr International in the fourth quarter worth $86,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

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.