Fiverr International Ltd (NYSE: FVRR) stock jumped 0.85% on Friday to $23.85 against a previous-day closing price of $23.65. With 0.58 million shares changed hands, the volume of the stock remained lighter 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 $24.08 whereas the lowest price it dropped to was $23.26. The 52-week range on FVRR shows that it touched its highest point at $47.66 and its lowest point at $20.04 during that stretch. It currently has a 1-year price target of $35.18. Beta for the stock currently stands at 1.75.
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 up-trending over the past week, with a rise of 9.15%, but this was down by -0.54% over a month. Three-month performance dropped to -11.90% while six-month performance fell -14.33%. The stock lost -38.15% in the past year, while it has lost -18.15% so far this year. A look at the trailing 12-month EPS for FVRR yields -0.07 with Next year EPS estimates of 2.20. For the next quarter, that number is 0.48. This implies an EPS growth rate of 157.30% for this year and 20.37% for next year.
Float and Shares Shorts:
At present, 37.54 million FVRR shares are outstanding with a float of 33.07 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.78 million, which was 7.25% higher than short shares on Sep 28, 2023. In addition to Mr. Micha Kaufman as the firm’s Co-Founder, CEO & Chairman of the Board, Mr. Ofer Katz serves as its President & CFO.
Through their ownership of 54.09% of FVRR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 29.40% of FVRR, in contrast to 16.90% held by mutual funds. As the largest shareholder in FVRR with 4.31% of the stake, Capital Research & Management Co holds 1,652,293 shares worth 1,652,293. A second-largest stockholder of FVRR, Baillie Gifford & Co., holds 1,054,732 shares, controlling over 2.75% of the firm’s shares. Millennium Management LLC is the third largest shareholder in FVRR, holding 800,137 shares or 2.09% stake. With a 4.31% stake in FVRR, the American Funds Small Cap World Fu is the largest stakeholder. A total of 1,652,293 shares are owned by the mutual fund manager. The Federated Hermes Kaufmann Small C, which owns about 1.82% of FVRR stock, is the second-largest Mutual Fund holder. It holds 700,000 shares valued at 14.82 million. BlackRock Innovation & Growth Ter holds 0.93% of the stake in FVRR, owning 357,463 shares worth 7.57 million.
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 $43.00 and a low target of $26.00, the average target price over the next 12 months is $35.18. Based on these targets, FVRR could surge 80.29% to reach the target high and rise by 9.01% to reach the target low. Reaching the average price target will result in a growth of 47.51% from current levels.