Fiverr International (NYSE:FVRR) Shares Gap Up – Still a Buy?

Shares of Fiverr International Ltd. (NYSE:FVRR) 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 trading hands.

Analyst Upgrades and Downgrades

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

Fiverr International Stock Performance

The company’s 50-day moving average price is $32.27 and its two-hundred day moving average price is $27.09. The company has a market cap of $1.33 billion, a P/E ratio of 132.35 and a beta of 1.69. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 1.47.

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

Hedge Funds Weigh In On Fiverr International

Several institutional investors and hedge funds have recently bought and sold shares of FVRR. Huntington National Bank boosted its holdings 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. Shaker Investments LLC OH acquired a new stake in shares of Fiverr International during the 3rd quarter valued at $552,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Fiverr International during the 3rd quarter valued at $683,000. Geode Capital Management LLC grew its holdings in shares of Fiverr International by 12.6% during the 3rd quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock valued at $685,000 after acquiring an additional 2,961 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its stake in shares of Fiverr International by 22.0% in the fourth quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company’s stock worth $4,375,000 after acquiring an additional 24,839 shares during the last quarter. 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.