Fiverr International (NYSE:FVRR) Shares Gap Down – Time to Sell?

Shares of Fiverr International Ltd. (NYSE:FVRR) gapped down prior to trading on Tuesday . The stock had previously closed at $29.81, but opened at $28.74. Fiverr International shares last traded at $29.11, with a volume of 63,129 shares changing hands.

Analysts Set New Price Targets

FVRR has been the topic of several research reports. The Goldman Sachs Group lowered their price objective on shares of Fiverr International from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $36.00 price target on shares of Fiverr International in a report on Wednesday, October 30th. BTIG Research downgraded Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Citigroup lifted their target price on Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, JMP Securities boosted their target price on Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $31.60.

Fiverr International Price Performance

The stock has a fifty day moving average of $25.58 and a two-hundred day moving average of $24.46. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 114.62 and a beta of 1.68. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 1.47.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $99.63 million for the quarter, compared to analysts’ expectations of $96.37 million. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. On average, equities research analysts anticipate that Fiverr International Ltd. will post 0.51 earnings per share for the current year.

Institutional Investors Weigh In On Fiverr International

Hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System increased its stake in Fiverr International by 9.5% in the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock valued at $749,000 after purchasing an additional 3,095 shares in the last quarter. Swedbank AB purchased a new position in shares of Fiverr International in the first quarter valued at $400,000. ARK Investment Management LLC raised its stake in shares of Fiverr International by 27.1% during the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock worth $2,568,000 after buying an additional 23,335 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Fiverr International by 18.4% in the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after buying an additional 2,208 shares in the last quarter. Finally, Engine Capital Management LP grew its stake in Fiverr International by 2.7% in the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock valued at $19,079,000 after acquiring an additional 21,144 shares during the last quarter. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Fiverr International Company Profile

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.