Short Interest in Fiverr International (NYSE:FVRR) Declines By 19.4%

Key Points

• Short interest fell 19.4% in March to 4,214,126 shares as of March 31, equal to 13.9% of shares sold short and a short‑interest ratio of 5.0 days.
• FVRR traded around $10.91 midday with a market cap of $392.03M and a P/E of 19.13; its 50‑day/200‑day moving averages of $11.25/$17.23 and a 1‑year range of $9.67–$34.13 reflect recent weakness.
• Analysts have trimmed targets and ratings (e.g., Scotiabank to $16, UBS to $13), and the consensus rating is a Hold with an average price target of $19.30.

Fiverr International (NYSE:FVRR - Get Free Report) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 4,214,126 shares, a decline of 19.4% from the March 15th total of 5,227,423 shares. Based on an average daily volume of 851,010 shares, the short-interest ratio is presently 5.0 days. Currently, 13.9% of the shares of the company are sold short.

Fiverr International Price Performance

FVRR stock traded up $0.27 during midday trading on Thursday, reaching $10.91. The company had a trading volume of 627,226 shares, compared to its average volume of 727,137. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.93 and a quick ratio of 1.93. Fiverr International has a 1 year low of $9.67 and a 1 year high of $34.13. The company has a market capitalization of $392.03 million, a P/E ratio of 19.13 and a beta of 1.35. The firm has a 50-day moving average price of $11.25 and a 200-day moving average price of $17.23.

Fiverr International (NYSE:FVRR - Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.10. Fiverr International had a net margin of 4.87% and a return on equity of 16.58%. The business had revenue of $107.17 million during the quarter, compared to analysts' expectations of $108.98 million. During the same quarter in the previous year, the company earned $0.64 EPS. The business's quarterly revenue was up 3.4% compared to the same quarter last year. On average, research analysts anticipate that Fiverr International will post 1.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

FVRR has been the topic of a number of analyst reports. Scotiabank decreased their target price on shares of Fiverr International from $34.00 to $16.00 and set a "sector outperform" rating on the stock in a report on Thursday, February 19th. UBS Group decreased their target price on shares of Fiverr International from $25.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, February 19th. BTIG Research reaffirmed a "neutral" rating on shares of Fiverr International in a report on Monday, March 2nd. Roth Mkm lowered shares of Fiverr International from a "buy" rating to a "neutral" rating and set a $14.00 target price on the stock. in a report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Fiverr International in a report on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Fiverr International presently has an average rating of "Hold" and a consensus price target of $19.30.

Hedge Funds Weigh In On Fiverr International

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in Fiverr International in the 4th quarter worth approximately $361,000. State of Tennessee Department of Treasury grew its stake in Fiverr International by 17.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 53,063 shares of the company's stock worth $1,049,000 after buying an additional 7,973 shares in the last quarter. Twinbeech Capital LP purchased a new position in Fiverr International in the 4th quarter worth approximately $366,000. Susquehanna Fundamental Investments LLC grew its stake in Fiverr International by 783.8% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 116,655 shares of the company's stock worth $2,305,000 after buying an additional 103,455 shares in the last quarter. Finally, Numerai GP LLC grew its stake in Fiverr International by 150.3% in the 4th quarter. Numerai GP LLC now owns 117,432 shares of the company's stock worth $2,320,000 after buying an additional 70,515 shares in the last quarter. Hedge funds and other institutional investors own 59.00% of the company's stock.

About Fiverr International

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.

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