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.
Institutional Ownership:
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.
Analysts Ratings:
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.
