Fiverr International (NYSE:FVRR) Shares Gap Down to $22.21

Fiverr International Ltd. (NYSE:FVRRGet Free Report)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $22.21, but opened at $21.38. Fiverr International shares last traded at $21.23, with a volume of 133,355 shares.

Analysts Set New Price Targets

FVRR has been the subject of a number of recent research reports. UBS Group downgraded shares of Fiverr International from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $37.00 to $25.00 in a research note on Tuesday. The Goldman Sachs Group boosted their price objective on shares of Fiverr International from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Needham & Company LLC reissued a “buy” rating and issued a $33.00 price objective on shares of Fiverr International in a research note on Thursday, May 9th. Finally, BTIG Research reduced their price objective on shares of Fiverr International from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Fiverr International currently has an average rating of “Moderate Buy” and a consensus target price of $33.09.

Read Our Latest Stock Analysis on Fiverr International

Fiverr International Stock Performance

The company has a market cap of $889.34 million, a price-to-earnings ratio of 104.59 and a beta of 1.71. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 1.23. The stock’s fifty day simple moving average is $23.27 and its 200 day simple moving average is $24.04.

Fiverr International (NYSE:FVRRGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The business had revenue of $93.52 million during the quarter, compared to analyst estimates of $92.45 million. Fiverr International had a net margin of 2.38% and a return on equity of 4.87%. As a group, analysts anticipate that Fiverr International Ltd. will post 0.45 earnings per share for the current year.

Institutional Trading of Fiverr International

Several hedge funds have recently made changes to their positions in the company. Swedbank AB purchased a new stake in shares of Fiverr International in the 1st quarter valued at approximately $400,000. California State Teachers Retirement System boosted its position in shares of Fiverr International by 9.5% during the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after purchasing an additional 3,095 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Fiverr International by 21.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock worth $870,000 after purchasing an additional 7,307 shares during the period. Arkadios Wealth Advisors boosted its position in shares of Fiverr International by 28.0% during the 1st quarter. Arkadios Wealth Advisors now owns 117,105 shares of the company’s stock worth $2,467,000 after purchasing an additional 25,613 shares during the period. Finally, Vima LLC purchased a new position in shares of Fiverr International during the 4th quarter worth approximately $86,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

About Fiverr International

(Get Free Report)

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 various categories in ten verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and tech, business, data, lifestyle, and photography.

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