Fiverr International (NYSE:FVRR) Trading 6.2% Higher – Still a Buy?

Fiverr International Ltd. (NYSE:FVRR) shares shot up 6.2% during trading on Monday . The company traded as high as $23.98 and last traded at $23.83. 81,959 shares were traded during mid-day trading, a decline of 90% from the average session volume of 824,926 shares. The stock had previously closed at $22.43.

Analyst Upgrades and Downgrades

FVRR has been the topic of a number of analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $32.00 price objective (up from $30.00) on shares of Fiverr International in a research report on Thursday, August 1st. UBS Group cut 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, July 2nd. Needham & Company LLC restated a “buy” rating and set a $36.00 target price on shares of Fiverr International in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group decreased their price target on Fiverr International from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Fiverr International currently has an average rating of “Moderate Buy” and a consensus price target of $31.30.

Fiverr International Price Performance

The firm has a market capitalization of $968.67 million, a P/E ratio of 113.91 and a beta of 1.71. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 1.44. The firm has a 50 day moving average price of $24.43 and a 200-day moving average price of $23.58.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $94.66 million for the quarter, compared to analysts’ expectations of $94.69 million. Fiverr International had a net margin of 3.17% and a return on equity of 5.67%. On average, analysts expect that Fiverr International Ltd. will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On Fiverr International

Several hedge funds and other institutional investors have recently modified their holdings of the business. Van ECK Associates Corp lifted its position in shares of Fiverr International by 18.4% during the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after purchasing an additional 2,208 shares during the last quarter. Swedbank AB purchased a new stake in Fiverr International in the 1st quarter valued at about $400,000. Shaker Investments LLC OH purchased a new position in shares of Fiverr International during the third quarter worth approximately $552,000. California State Teachers Retirement System boosted its holdings in shares of Fiverr International by 9.5% in the first 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 during the period. Finally, Janney Montgomery Scott LLC raised its position in Fiverr International by 21.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after purchasing an additional 7,307 shares in the last quarter. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

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.