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

Fiverr International (NYSE:FVRR) reached a new 52-week low on Tuesday . The stock traded as low as $15.53 and last traded at $15.7560, with a volume of 1185848 shares trading hands. The stock had previously closed at $16.90.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FVRR shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Fiverr International in a research report on Thursday. Zacks Research downgraded shares of Fiverr International from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Fiverr International currently has a consensus rating of “Hold” and a consensus target price of $32.22.

Fiverr International Trading Down 5.0%

The stock has a market cap of $575.41 million, a PE ratio of 27.21 and a beta of 1.32. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a fifty day moving average price of $19.14 and a 200 day moving average price of $21.71.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The company had revenue of $107.90 million during the quarter, compared to the consensus estimate of $107.88 million. Fiverr International had a return on equity of 13.53% and a net margin of 5.23%.Fiverr International’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $0.64 earnings per share. Equities analysts expect that Fiverr International will post 1.04 EPS for the current year.

Hedge Funds Weigh In On Fiverr International

Several hedge funds have recently added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. purchased a new stake in Fiverr International in the 4th quarter worth about $830,000. Pictet Asset Management Holding SA bought a new position in shares of Fiverr International during the fourth quarter valued at approximately $318,000. Sanctuary Advisors LLC raised its holdings in shares of Fiverr International by 32.5% in the fourth quarter. Sanctuary Advisors LLC now owns 26,600 shares of the company’s stock worth $526,000 after buying an additional 6,531 shares during the period. Eagle Global Advisors LLC bought a new stake in shares of Fiverr International during the 4th quarter worth approximately $593,000. Finally, Strategic Advocates LLC bought a new stake in shares of Fiverr International during the 3rd quarter worth approximately $26,000. 59.00% of the stock is currently owned by institutional investors.

About Fiverr International

Fiverr International Ltd. operates an online marketplace that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.

Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.