Fiverr International Ltd. (NYSE:FVRR – Get Free Report) shares shot up 7.7% on Wednesday . The stock traded as high as $22.96 and last traded at $22.93. 364,799 shares were traded during trading, a decline of 61% from the average session volume of 933,572 shares. The stock had previously closed at $21.29.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. 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 research note on Tuesday. 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 research note on Monday, May 13th. BTIG Research cut their target price on Fiverr International from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $33.00 price target on shares of Fiverr International in a report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Fiverr International presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.09.
Get Our Latest Analysis on Fiverr International
Fiverr International Trading Up 8.1 %
Fiverr International (NYSE:FVRR – Get Free Report) last announced its earnings results on Thursday, May 9th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). Fiverr International had a net margin of 2.38% and a return on equity of 4.87%. The company had revenue of $93.52 million during the quarter, compared to analysts’ expectations of $92.45 million. On average, equities research analysts predict that Fiverr International Ltd. will post 0.45 EPS for the current fiscal year.
Hedge Funds Weigh In On Fiverr International
A number of hedge funds have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Fiverr International by 144.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 862,955 shares of the company’s stock worth $23,490,000 after purchasing an additional 510,000 shares in the last quarter. Engine Capital Management LP bought a new position in Fiverr International in the 4th quarter valued at approximately $19,193,000. Janney Montgomery Scott LLC purchased a new stake in Fiverr International during the 4th quarter valued at $924,000. ARK Investment Management LLC increased its holdings in shares of Fiverr International by 3.9% in the 4th quarter. ARK Investment Management LLC now owns 76,334 shares of the company’s stock worth $2,078,000 after purchasing an additional 2,849 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Fiverr International by 9.5% in the fourth 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. 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.
Further Reading
- Five stocks we like better than Fiverr International
- Dividend Capture Strategy: What You Need to Know
- AbbVie Stock: A Perfect Dip for Investors to Buy
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
- Why Invest in High-Yield Dividend Stocks?
- GitLab Stock Rebounds: The Inside Story of Its Comeback
Receive News & Ratings for Fiverr International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiverr International and related companies with MarketBeat.com's FREE daily email newsletter.