Fiverr International Ltd. (NYSE: FVRR) stock fell -6.46% on Monday to $26.23 against a previous-day closing price of $28.04. With 1.29 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.73 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $27.92 whereas the lowest price it dropped to was $26.21. The 52-week range on FVRR shows that it touched its highest point at $47.66 and its lowest point at $24.58 during that stretch. It currently has a 1-year price target of $42.44. Beta for the stock currently stands at 1.71.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FVRR was down-trending over the past week, with a drop of -7.77%, but this was down by -7.08% over a month. Three-month performance dropped to -10.23% while six-month performance fell -21.09%. The stock lost -23.51% in the past year, while it has lost -9.99% so far this year. A look at the trailing 12-month EPS for FVRR yields -0.45 with Next year EPS estimates of 2.08. For the next quarter, that number is 0.44. This implies an EPS growth rate of -7.30% for this year and 18.60% for next year.
Float and Shares Shorts:
At present, 37.91 million FVRR shares are outstanding with a float of 33.01 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.52 million, which was 6.67% higher than short shares on Jul 30, 2023. In addition to Mr. Micha Kaufman as the firm’s Co-Founder, CEO & Chairman, Mr. Ofer Katz serves as its Pres & CFO.
Through their ownership of 54.09% of FVRR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 31.03% of FVRR, in contrast to 17.85% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in FVRR with 5.18% of the stake, Goldman Sachs & Co. LLC holds 1,955,644 shares worth 1,955,644. A second-largest stockholder of FVRR, Millennium Management LLC, holds 1,442,114 shares, controlling over 3.82% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in FVRR, holding 1,336,944 shares or 3.54% stake. With a 3.54% stake in FVRR, the American Funds Small Cap World Fu is the largest stakeholder. A total of 1,336,944 shares are owned by the mutual fund manager. The Lord Abbett Developing Growth Fun, which owns about 2.41% of FVRR stock, is the second-largest Mutual Fund holder. It holds 909,908 shares valued at 25.61 million. Federated Hermes Kaufmann Small C holds 1.06% of the stake in FVRR, owning 400,000 shares worth 11.26 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, FVRR reported revenue of $85.01M and operating income of -$15.02M. The EBITDA in the recently reported quarter was $15.75M and diluted EPS was -$1.13.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FVRR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FVRR analysts setting a high price target of $50.00 and a low target of $33.00, the average target price over the next 12 months is $42.20. Based on these targets, FVRR could surge 90.62% to reach the target high and rise by 25.81% to reach the target low. Reaching the average price target will result in a growth of 60.88% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.