Fiverr International Ltd. (NYSE:FVRR - Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 3,310,000 shares, a growth of 18.2% from the April 30th total of 2,800,000 shares. Based on an average daily trading volume, of 613,400 shares, the days-to-cover ratio is currently 5.4 days. Approximately 10.9% of the shares of the stock are short sold.
Institutional Investors Weigh In On Fiverr International
Institutional investors and hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in shares of Fiverr International by 134.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company's stock worth $33,000 after acquiring an additional 592 shares during the last quarter. Huntington National Bank increased its holdings in Fiverr International by 38.3% in the fourth quarter. Huntington National Bank now owns 1,465 shares of the company's stock valued at $46,000 after purchasing an additional 406 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Fiverr International in the fourth quarter valued at about $57,000. KLP Kapitalforvaltning AS bought a new stake in Fiverr International in the fourth quarter valued at about $187,000. Finally, Quantbot Technologies LP increased its holdings in Fiverr International by 5,825.9% in the first quarter. Quantbot Technologies LP now owns 11,911 shares of the company's stock valued at $282,000 after purchasing an additional 11,710 shares during the last quarter. Institutional investors own 59.00% of the company's stock.
Fiverr International Trading Up 1.1%
Shares of FVRR stock traded up $0.35 on Friday, reaching $33.74. 283,076 shares of the stock were exchanged, compared to its average volume of 691,128. The stock has a market cap of $1.21 billion, a PE ratio of 71.79 and a beta of 1.58. Fiverr International has a one year low of $20.78 and a one year high of $36.11. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 2.99. The stock has a 50 day moving average price of $28.37 and a 200 day moving average price of $29.73.
Fiverr International announced that its board has authorized a share repurchase program on Tuesday, March 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 10.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Royal Bank of Canada restated a "sector perform" rating and set a $35.00 target price on shares of Fiverr International in a research report on Thursday, February 20th. The Goldman Sachs Group lifted their price objective on Fiverr International from $41.00 to $47.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. JMP Securities downgraded Fiverr International from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 20th. Citizens Jmp downgraded Fiverr International from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Citigroup lifted their price objective on Fiverr International from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $36.00.
View Our Latest Report on FVRR
Fiverr International Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Fiverr International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fiverr International wasn't on the list.
While Fiverr International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
