Fiverr International (NYSE:FVRR) Trading Down 8.9% – Here’s What Happened

Fiverr International Ltd. (NYSE:FVRR)’s stock price was down 8.9% on Thursday . The stock traded as low as $27.50 and last traded at $27.54. Approximately 438,320 shares were traded during trading, a decline of 42% from the average daily volume of 761,283 shares. The stock had previously closed at $30.23.

Analysts Set New Price Targets

Several analysts have recently weighed in on FVRR shares. BTIG Research cut Fiverr International from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Citigroup lifted their price objective on Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. UBS Group lifted their price objective on Fiverr International from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $35.00 price objective on shares of Fiverr International in a research note on Thursday. Finally, Citizens Jmp lowered Fiverr International from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Fiverr International currently has a consensus rating of “Hold” and a consensus price target of $33.20.

Fiverr International Stock Performance

The company has a quick ratio of 2.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.06. The company has a 50 day simple moving average of $31.99 and a 200-day simple moving average of $28.67. The stock has a market capitalization of $921.27 million, a price-to-earnings ratio of 54.69 and a beta of 1.69.

Hedge Funds Weigh In On Fiverr International

Institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its position in shares of Fiverr International by 134.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company’s stock worth $33,000 after purchasing an additional 592 shares during the period. Huntington National Bank raised its position in shares of Fiverr International by 35,200.0% during the third quarter. Huntington National Bank now owns 1,059 shares of the company’s stock worth $27,000 after purchasing an additional 1,056 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Fiverr International during the fourth quarter worth approximately $57,000. KLP Kapitalforvaltning AS acquired a new position in shares of Fiverr International during the fourth quarter worth approximately $187,000. Finally, New York State Common Retirement Fund raised its position in shares of Fiverr International by 5.9% during the fourth quarter. New York State Common Retirement Fund now owns 24,824 shares of the company’s stock worth $788,000 after purchasing an additional 1,382 shares during the period. 59.00% of the stock is owned by institutional investors and hedge funds.

About Fiverr International

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.