Fiverr International (NYSE:FVRR) Sets New 1-Year Low – What’s Next?
by Amy Steele · The Cerbat GemFiverr International (NYSE:FVRR – Get Free Report) shares reached a new 52-week low during trading on Thursday . The company traded as low as $19.20 and last traded at $19.1690, with a volume of 228991 shares trading hands. The stock had previously closed at $19.73.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. BTIG Research upgraded Fiverr International from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Friday, September 19th. Needham & Company LLC reiterated a “buy” rating and issued a $32.00 price target on shares of Fiverr International in a research note on Tuesday, September 16th. Oppenheimer cut their price objective on shares of Fiverr International from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, September 16th. Zacks Research cut Fiverr International from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Weiss Ratings started coverage on Fiverr International in a research report on Saturday, November 1st. They set a “sell (d+)” rating for the company. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $32.60.
Read Our Latest Analysis on FVRR
Fiverr International Price Performance
The company has a debt-to-equity ratio of 0.05, a current ratio of 1.33 and a quick ratio of 1.33. The business’s 50 day moving average price is $20.68 and its 200 day moving average price is $23.17. The stock has a market capitalization of $688.84 million, a P/E ratio of 32.55 and a beta of 1.29.
Fiverr International (NYSE:FVRR – Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. Fiverr International had a net margin of 5.23% and a return on equity of 13.53%. The company had revenue of $107.90 million for the quarter, compared to analysts’ expectations of $107.88 million. During the same quarter last year, the company posted $0.64 earnings per share. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. Sell-side analysts forecast that Fiverr International will post 1.04 EPS for the current year.
Institutional Trading of Fiverr International
Hedge funds have recently bought and sold shares of the company. Strategic Advocates LLC bought a new position in shares of Fiverr International in the 3rd quarter worth approximately $26,000. Assetmark Inc. purchased a new stake in Fiverr International during the second quarter valued at approximately $41,000. Tower Research Capital LLC TRC raised its position in Fiverr International by 4,392.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the company’s stock worth $90,000 after acquiring an additional 2,987 shares during the period. PharVision Advisers LLC purchased a new position in shares of Fiverr International during the 2nd quarter worth $234,000. Finally, MQS Management LLC bought a new stake in shares of Fiverr International during the 2nd quarter valued at $248,000. 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 that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.
Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.