In last trading session, Fiverr International Ltd (NYSE:FVRR) saw 0.58 million shares changing hands with its beta currently measuring 1.75. Company’s recent per share price level of $23.85 trading at $0.2 or 0.85% at ring of the bell on the day assigns it a market valuation of $915.36M. That closing price of FVRR’s stock is at a discount of -99.83% from its 52-week high price of $47.66 and is indicating a premium of 15.97% from its 52-week low price of $20.04. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.27 million shares which gives us an average trading volume of 729.86K if we extend that period to 3-months.
For Fiverr International Ltd (FVRR), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.55. Splitting up the data highlights that, out of 11 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.5 in the current quarter.
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Fiverr International Ltd (NYSE:FVRR) trade information
Upright in the green during last session for gaining 0.85%, in the last five days FVRR remained trading in the green while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $23.85 price level, adding 4.94% to its value on the day. Fiverr International Ltd’s shares saw a change of -18.15% in year-to-date performance and have moved 9.15% in past 5-day. Fiverr International Ltd (NYSE:FVRR) showed a performance of -0.54% in past 30-days. Number of shares sold short was 2.78 million shares which calculate 4.38 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $35.18 to the stock, which implies a rise of 32.21% to its current value. Analysts have been projecting $26.00 as a low price target for the stock while placing it at a high target of $43.00. It follows that stock’s current price would drop -80.29% in reaching the projected high whereas dropping to the targeted low would mean a loss of -9.01% for stock’s current value.
Fiverr International Ltd (FVRR) estimates and forecasts
Statistics highlight that Fiverr International Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -14.33% of value to its shares in past 6 months, showing an annual growth rate of 159.15% while that of industry is 21.70. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 92.30% in the current quarter and calculating 36.10% increase in the next quarter. This year revenue growth is estimated to rise 7.40% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $92.56 million for the same. And 9 analysts are in estimates of company making revenue of $99.09 million in the next quarter that will end on Mar 2024. Company posted $83.13 million and $87.96 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 11.30% while estimating it to be 12.70% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -25.48% during past 5 years.
FVRR Dividends
Fiverr International Ltd is more likely to be releasing its next quarterly report on November 09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Fiverr International Ltd (NYSE:FVRR)’s Major holders
Insiders are in possession of 12.58% of company’s total shares while institution are holding 54.09 percent of that, with stock having share float percentage of 61.87%. Investors also watch the number of corporate investors in a company very closely, which is 54.09% institutions for Fiverr International Ltd that are currently holding shares of the company. Goldman Sachs Group Inc is the top institutional holder at FVRR for having 1.96 million shares of worth $50.87 million. And as of Jun 29, 2023, it was holding 5.18% of the company’s outstanding shares.
The second largest institutional holder is Millennium Management Llc, which was holding about 1.44 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 3.82% of outstanding shares, having a total worth of $37.51 million.
On the other hand, Smallcap World Fund and Federated Hermes Kaufmann Small Cap Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 1.34 million shares of worth $34.77 million or 3.54% of the total outstanding shares. The later fund manager was in possession of 0.4 million shares on Jul 30, 2023, making its stake of worth around $12.06 million in the company or a holder of 1.06% of company’s stock.