Fiverr International (NYSE:FVRR) Shares Down 7%

Fiverr International Ltd. (NYSE:FVRR) shares traded down 7% on Wednesday . The company traded as low as $24.42 and last traded at $24.44. 263,824 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 908,517 shares. The stock had previously closed at $26.28.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Roth Mkm restated a “buy” rating and issued a $32.00 price target (up previously from $30.00) on shares of Fiverr International in a research note on Thursday, August 1st. UBS Group downgraded Fiverr International from a “buy” rating to a “neutral” rating and reduced their price target for the company from $37.00 to $25.00 in a report on Tuesday, July 2nd. The Goldman Sachs Group dropped their price target on shares of Fiverr International from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $36.00 price objective on shares of Fiverr International in a research report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.30.

Fiverr International Price Performance

The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $961.71 million, a P/E ratio of 113.45 and a beta of 1.71. The firm has a fifty day moving average of $23.71 and a 200 day moving average of $23.18.

Fiverr International (NYSE:FVRR) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $94.66 million during 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 5.56%. On average, equities research analysts anticipate that Fiverr International Ltd. will post 0.45 EPS for the current year.

Institutional Trading of Fiverr International

Large investors have recently modified their holdings of the company. Engine Capital Management LP increased its position in Fiverr International by 2.7% in the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after buying an additional 21,144 shares in the last quarter. Van ECK Associates Corp lifted its stake 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 valued at $332,000 after purchasing an additional 2,208 shares during the last quarter. ARK Investment Management LLC raised its stake in shares of Fiverr International by 27.1% in the second quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock valued at $2,568,000 after acquiring an additional 23,335 shares during the period. Swedbank AB bought a new stake in Fiverr International in the first quarter worth about $400,000. Finally, California State Teachers Retirement System boosted its position in shares of Fiverr International by 9.5% during the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock valued at $749,000 after buying an additional 3,095 shares during the period. Institutional investors own 59.00% of the company’s stock.

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.