Fiverr International (NYSE:FVRR) Shares Gap Up – Time to Buy?

Fiverr International Ltd. (NYSE:FVRR)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $32.70, but opened at $33.74. Fiverr International shares last traded at $33.69, with a volume of 70,318 shares.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FVRR shares. Citigroup raised their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. UBS Group upped their price target on Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. JMP Securities lifted their price objective on Fiverr International from $32.00 to $36.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. BTIG Research lowered shares of Fiverr International from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $36.00 price target on shares of Fiverr International in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.30.

Fiverr International Trading Down 0.6 %

The firm’s fifty day moving average price is $32.51 and its two-hundred day moving average price is $27.26. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.99 and a quick ratio of 2.99. The stock has a market cap of $1.31 billion, a P/E ratio of 130.51 and a beta of 1.69.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The firm had revenue of $99.63 million during the quarter, compared to the consensus estimate of $96.37 million. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. As a group, equities research analysts forecast that Fiverr International Ltd. will post 0.51 EPS for the current year.

Hedge Funds Weigh In On Fiverr International

A number of large investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors increased its stake in shares of Fiverr International by 22.0% during the fourth quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company’s stock valued at $4,375,000 after buying an additional 24,839 shares during the period. Geode Capital Management LLC boosted its stake in Fiverr International by 12.6% during the third quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock worth $685,000 after acquiring an additional 2,961 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Fiverr International in the third quarter worth about $683,000. Huntington National Bank increased its stake 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 valued at $27,000 after purchasing an additional 1,056 shares in the last quarter. Finally, Shaker Investments LLC OH purchased a new position in shares of Fiverr International during the third quarter valued at approximately $552,000. Hedge funds and other 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.