Fiverr International (NYSE:FVRR) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Fiverr International Ltd. (NYSE:FVRR) saw strong trading volume on Wednesday . 558,786 shares were traded during trading, a decline of 21% from the previous session’s volume of 707,117 shares.The stock last traded at $30.21 and had previously closed at $33.06.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group boosted their price objective on Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. JMP Securities restated a “market outperform” rating and set a $36.00 price objective on shares of Fiverr International in a report on Thursday, January 30th. Needham & Company LLC reiterated a “buy” rating and set a $36.00 price target on shares of Fiverr International in a report on Wednesday. BTIG Research downgraded Fiverr International from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Finally, Citigroup upped their price target on Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.30.

Fiverr International Trading Down 7.4 %

The company has a market cap of $1.18 billion, a P/E ratio of 117.76 and a beta of 1.69. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.99 and a current ratio of 2.99. The stock has a 50-day moving average of $32.39 and a two-hundred day moving average of $28.66.

Fiverr International (NYSE:FVRR) last released its earnings results on Wednesday, February 19th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.40). Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. On average, equities research analysts predict that Fiverr International Ltd. will post 0.51 earnings per share for the current year.

Institutional Trading of Fiverr International

A number of large investors have recently modified their holdings of the company. Pier Capital LLC acquired a new position in shares of Fiverr International during the fourth quarter worth $8,674,000. Ameriprise Financial Inc. lifted its stake in Fiverr International by 22.0% in the 4th quarter. Ameriprise Financial Inc. now owns 1,219,806 shares of the company’s stock valued at $38,704,000 after buying an additional 219,957 shares in the last quarter. Millennium Management LLC lifted its stake in Fiverr International by 169.9% in the 4th quarter. Millennium Management LLC now owns 305,886 shares of the company’s stock worth $9,706,000 after purchasing an additional 192,534 shares in the last quarter. Jump Financial LLC increased its holdings in shares of Fiverr International by 594.7% during the 4th quarter. Jump Financial LLC now owns 80,754 shares of the company’s stock worth $2,562,000 after buying an additional 69,129 shares during the last quarter. Finally, Engine Capital Management LP increased its holdings in shares of Fiverr International by 2.3% during the 4th quarter. Engine Capital Management LP now owns 1,204,316 shares of the company’s stock worth $38,213,000 after buying an additional 27,003 shares during the last quarter. Hedge funds and other institutional investors own 59.00% of the company’s stock.

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.