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

Fiverr International Ltd. (NYSE:FVRR) was the recipient of a large increase in short interest during the month of 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 sold short. Based on an average daily trading volume, of 945,000 shares, the days-to-cover ratio is presently 4.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FVRR. Vima LLC purchased a new position in shares of Fiverr International in the 4th quarter valued at approximately $86,000. Van ECK Associates Corp raised its stake in 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. Swedbank AB purchased a new position in Fiverr International during the first quarter valued at $400,000. California State Teachers Retirement System raised its stake in 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 buying an additional 3,095 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in 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 buying an additional 7,307 shares during the last quarter. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Wall Street Analysts Forecast Growth

FVRR has been the topic of a number of recent analyst reports. BTIG Research cut their price objective on Fiverr International from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. The Goldman Sachs Group lifted their price objective on Fiverr International from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price objective on shares of Fiverr International in a research report on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Fiverr International currently has an average rating of “Moderate Buy” and an average price target of $33.82.

Fiverr International Trading Down 0.8 %

FVRR opened at $23.43 on Monday. The stock has a market cap of $905.57 million, a PE 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. The business has a 50 day moving average of $23.19 and a 200-day moving average of $24.13. Fiverr International has a 52 week low of $18.83 and a 52 week high of $34.49.

Fiverr International (NYSE:FVRR) last released its earnings results on Thursday, May 9th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The firm had revenue of $93.52 million during 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%. Equities research analysts predict that Fiverr International will post 0.45 earnings per share for the current fiscal 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.