Fiverr International (NYSE:FVRR) Shares Gap Down to $22.21

Fiverr International Ltd. (NYSE:FVRR) gapped down prior to trading on Tuesday . The stock had previously closed at $22.21, but opened at $21.38. Fiverr International shares last traded at $21.23, with a volume of 133,355 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FVRR shares. UBS Group cut Fiverr International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $37.00 to $25.00 in a report on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $33.00 price target on shares of Fiverr International in a report on Thursday, May 9th. BTIG Research lowered their price target on Fiverr International from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, The Goldman Sachs Group lifted their price target on Fiverr International from $39.00 to $44.00 and gave the company a “buy” rating in a report on Monday, May 13th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.09.

Fiverr International Trading Down 4.9 %

The stock has a market cap of $816.29 million, a price-to-earnings ratio of 95.77 and a beta of 1.71. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 1.23. The business has a 50-day moving average of $23.19 and a 200-day moving average of $24.13.

Fiverr International (NYSE:FVRR) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The firm had revenue of $93.52 million for the quarter, compared to analyst estimates of $92.45 million. Fiverr International had a net margin of 2.38% and a return on equity of 4.87%. As a group, research analysts forecast that Fiverr International Ltd. will post 0.45 earnings per share for the current year.

Institutional Trading of Fiverr International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vima LLC acquired a new stake in shares of Fiverr International in the fourth quarter worth about $86,000. Van ECK Associates Corp lifted its position in shares of Fiverr International by 9.5% during the 4th quarter. Van ECK Associates Corp now owns 11,439 shares of the company’s stock worth $311,000 after purchasing an additional 990 shares during the last quarter. Swedbank AB acquired a new position in shares of Fiverr International during the 1st quarter worth about $400,000. Janney Montgomery Scott LLC acquired a new position in shares of Fiverr International during the 4th quarter worth about $924,000. Finally, California State Teachers Retirement System lifted its position in shares of Fiverr International by 9.5% during the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after purchasing an additional 3,095 shares during the last quarter. Institutional investors and hedge funds 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.