Fiverr International (NYSE:FVRR) Reaches New 12-Month High – What’s Next?

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

Wall Street Analyst Weigh In

A number of brokerages have commented on FVRR. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 target price on shares of Fiverr International in a research note on Wednesday, October 30th. JMP Securities lifted 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 report on Thursday, October 31st. The Goldman Sachs Group lowered their price objective on Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. BTIG Research downgraded Fiverr International from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Finally, Citigroup increased their price target on Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.60.

Fiverr International Stock Performance

The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 1.47. The firm has a 50-day moving average price of $26.10 and a 200 day moving average price of $24.72. The firm has a market capitalization of $1.24 billion, a PE ratio of 123.50 and a beta of 1.68.

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

Hedge Funds Weigh In On Fiverr International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 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 in the last quarter. Shaker Investments LLC OH purchased a new stake in Fiverr International during the 3rd quarter worth about $552,000. 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 in the last quarter. Swedbank AB purchased a new position in shares of Fiverr International in the 1st quarter valued at about $400,000. Finally, California State Teachers Retirement System grew 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 worth $749,000 after buying an additional 3,095 shares in 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.