Fiverr International (NYSE:FVRR) Reaches New 52-Week High – Should You Buy?

Shares of Fiverr International Ltd. (NYSE:FVRR) reached a new 52-week high during trading on Friday . The stock traded as high as $32.86 and last traded at $32.55, with a volume of 61319 shares trading hands. The stock had previously closed at $31.83.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FVRR shares. Roth Mkm reaffirmed a “buy” rating and set a $32.00 price target (up from $30.00) on shares of Fiverr International in a research report on Thursday, August 1st. BTIG Research cut shares of Fiverr International from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Citigroup lifted their price target on Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and set a $36.00 price target on shares of Fiverr International in a research report on Wednesday, October 30th. Finally, JMP Securities upped their target price on Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.60.

Fiverr International Stock Performance

The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.99 and a current ratio of 2.99. The stock has a market capitalization of $1.25 billion, a PE ratio of 122.42 and a beta of 1.68. The firm’s 50 day moving average is $25.97 and its two-hundred day moving average is $24.62.

Fiverr International (NYSE:FVRR) last released 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. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. The firm had revenue of $99.63 million for the quarter, compared to analyst estimates of $96.37 million. As a group, research analysts predict that Fiverr International Ltd. will post 0.51 earnings per share for the current year.

Institutional Investors Weigh In On Fiverr International

Several institutional investors have recently added to or reduced their stakes in FVRR. Engine Capital Management LP raised its position in Fiverr International by 2.7% in the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock valued at $19,079,000 after purchasing an additional 21,144 shares during the last quarter. ARK Investment Management LLC grew its stake in shares of Fiverr International by 27.1% during the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock worth $2,568,000 after purchasing an additional 23,335 shares during the period. California State Teachers Retirement System increased its holdings in Fiverr International by 9.5% in 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 in the last quarter. Geode Capital Management LLC raised its holdings 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 purchasing an additional 2,961 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Fiverr International during the 3rd quarter worth $683,000. 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 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.