Fiverr International Ltd. (NYSE:FVRR) Short Interest Up 18.2% in May

Fiverr International Ltd. (NYSE:FVRR - Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 3,310,000 shares, an increase of 18.2% from the April 30th total of 2,800,000 shares. Currently, 10.9% of the company's stock are short sold. Based on an average daily volume of 613,400 shares, the days-to-cover ratio is presently 5.4 days.

Institutional Trading of Fiverr International

A number of large investors have recently made changes to their positions in FVRR. Jones Financial Companies Lllp lifted its position in 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 buying an additional 592 shares during the period. Huntington National Bank lifted its position in Fiverr International by 38.3% during the fourth quarter. Huntington National Bank now owns 1,465 shares of the company's stock worth $46,000 after buying an additional 406 shares during the period. SBI Securities Co. Ltd. purchased a new position in Fiverr International during the fourth quarter worth about $57,000. KLP Kapitalforvaltning AS purchased a new position in shares of Fiverr International in the 4th quarter worth about $187,000. Finally, Quantbot Technologies LP raised its holdings in shares of Fiverr International by 5,825.9% in the 1st quarter. Quantbot Technologies LP now owns 11,911 shares of the company's stock worth $282,000 after purchasing an additional 11,710 shares during the period. Institutional investors and hedge funds own 59.00% of the company's stock.

Fiverr International Price Performance

Shares of FVRR traded down $0.16 during trading hours on Thursday, reaching $33.33. 408,805 shares of the company traded hands, compared to its average volume of 694,142. The company has a quick ratio of 2.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.19 billion, a PE ratio of 70.92 and a beta of 1.67. Fiverr International has a fifty-two week low of $20.78 and a fifty-two week high of $36.11. The stock has a fifty day simple moving average of $27.98 and a 200 day simple moving average of $29.70.

Fiverr International announced that its board has approved a share repurchase plan on Tuesday, March 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 10.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

FVRR has been the subject of several recent analyst reports. Citizens Jmp cut Fiverr International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 20th. The Goldman Sachs Group boosted their target price on Fiverr International from $41.00 to $47.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. JMP Securities cut Fiverr International from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 20th. Needham & Company LLC restated a "buy" rating and set a $36.00 target price on shares of Fiverr International in a research note on Thursday, May 8th. Finally, Citigroup boosted their target price on Fiverr International from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Fiverr International has a consensus rating of "Hold" and a consensus target price of $36.00.

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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