Fiverr International (NYSE:FVRR) Shares Gap Up to $20.32

Shares of Fiverr International Ltd. (NYSE:FVRR) gapped up before the market opened on Thursday . The stock had previously closed at $20.32, but opened at $22.00. Fiverr International shares last traded at $23.38, with a volume of 582,295 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Fiverr International from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Needham & Company LLC reissued a “buy” rating and issued a $33.00 price target on shares of Fiverr International in a research note on Thursday. BTIG Research cut their price objective on Fiverr International from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Citigroup decreased their target price on shares of Fiverr International from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Finally, Royal Bank of Canada lowered their target price on shares of Fiverr International from $30.00 to $26.00 and set a “sector perform” rating for the company in a research note on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Fiverr International has an average rating of “Moderate Buy” and an average target price of $33.73.

Fiverr International Stock Performance

The company has a market capitalization of $852.71 million, a price-to-earnings ratio of 251.22 and a beta of 1.70. The company has a 50 day moving average price of $21.17 and a 200 day moving average price of $24.10. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.89 and a current ratio of 2.89.

Fiverr International (NYSE:FVRR) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.52 by $0.04. Fiverr International had a return on equity of 3.71% and a net margin of 1.02%. The firm had revenue of $91.50 million during the quarter, compared to the consensus estimate of $97.00 million. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. Equities research analysts predict that Fiverr International Ltd. will post 0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

A number of hedge funds have recently added to or reduced their stakes in FVRR. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Fiverr International by 144.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 862,955 shares of the company’s stock valued at $23,490,000 after purchasing an additional 510,000 shares during the last quarter. Engine Capital Management LP purchased a new stake in Fiverr International in the 4th quarter valued at about $19,193,000. Lord Abbett & CO. LLC purchased a new stake in Fiverr International in the 3rd quarter valued at about $3,291,000. Arkadios Wealth Advisors lifted its position in shares of Fiverr International by 28.0% during the 1st quarter. Arkadios Wealth Advisors now owns 117,105 shares of the company’s stock worth $2,467,000 after buying an additional 25,613 shares in the last quarter. Finally, Essex Investment Management Co. LLC boosted its stake in shares of Fiverr International by 12.9% in the 4th quarter. Essex Investment Management Co. LLC now owns 84,770 shares of the company’s stock worth $2,307,000 after buying an additional 9,694 shares during the last quarter. Institutional investors and hedge funds 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.