Fiverr International (NYSE:FVRR) Shares Gap Up to $28.42

Fiverr International Ltd. (NYSE:FVRRGet Rating) gapped up before the market opened on Wednesday . The stock had previously closed at $28.42, but opened at $31.69. Fiverr International shares last traded at $31.64, with a volume of 15,996 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada boosted their price objective on Fiverr International from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Thursday. Needham & Company LLC reduced their price objective on Fiverr International from $50.00 to $40.00 and set a “buy” rating for the company in a report on Thursday. Oppenheimer reduced their price objective on Fiverr International from $50.00 to $40.00 in a report on Thursday. Finally, The Goldman Sachs Group reduced their price objective on Fiverr International from $42.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $52.38.

Fiverr International Trading Up 17.3 %

The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $1.32 billion, a P/E ratio of -14.32 and a beta of 1.68. The firm has a 50 day moving average of $31.02 and a 200-day moving average of $36.30.

Institutional Investors Weigh In On Fiverr International

Institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors boosted its stake in shares of Fiverr International by 30.6% in the second quarter. Captrust Financial Advisors now owns 1,612 shares of the company’s stock valued at $55,000 after buying an additional 378 shares during the period. Freemont Management S.A. acquired a new position in Fiverr International during the first quarter valued at approximately $128,000. Industrial Alliance Investment Management Inc. acquired a new position in Fiverr International during the first quarter valued at approximately $134,000. Ensign Peak Advisors Inc acquired a new position in Fiverr International during the second quarter valued at approximately $70,000. Finally, Hudock Inc. raised its position in Fiverr International by 1,856.4% during the third quarter. Hudock Inc. now owns 2,739 shares of the company’s stock valued at $83,000 after purchasing an additional 2,599 shares in the last quarter. 53.28% of the stock is currently owned by institutional investors.

Fiverr International Company Profile

(Get Rating)

Fiverr International Ltd. operates an online marketplace worldwide. Its platform enables sellers to sell their services and buyers to buy them. The company's platform includes approximately 550 categories in nine verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, data, and lifestyle.

Further Reading

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