Fiverr International (NYSE:FVRR) Shares Down 4.4% – What’s Next?

Fiverr International Ltd. (NYSE:FVRR) fell 4.4% on Monday . The stock traded as low as $32.38 and last traded at $32.30. 152,517 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 666,579 shares. The stock had previously closed at $33.78.

Analyst Ratings Changes

FVRR has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on Fiverr International from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Citizens Jmp cut Fiverr International from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price target on shares of Fiverr International in a research report on Thursday, May 8th. JMP Securities cut Fiverr International from an “outperform” rating to a “market perform” rating in a report on Thursday, February 20th. Finally, The Goldman Sachs Group upped their price objective on shares of Fiverr International from $41.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Fiverr International presently has an average rating of “Hold” and a consensus price target of $36.00.

Fiverr International Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 2.99. The company’s 50-day moving average price is $28.37 and its 200-day moving average price is $29.73. The company has a market cap of $1.14 billion, a P/E ratio of 67.74 and a beta of 1.58.

Fiverr International declared that its board has initiated a share buyback program on Tuesday, March 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 10.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Fiverr International

Institutional investors have recently modified their holdings of the company. Millennium Management LLC lifted its stake in Fiverr International by 20.9% in the 1st quarter. Millennium Management LLC now owns 369,714 shares of the company’s stock valued at $8,755,000 after acquiring an additional 63,828 shares in the last quarter. Jump Financial LLC grew its position in shares of Fiverr International by 29.8% in the first quarter. Jump Financial LLC now owns 104,839 shares of the company’s stock valued at $2,483,000 after purchasing an additional 24,085 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Fiverr International by 53.3% during the first quarter. Ameriprise Financial Inc. now owns 1,870,478 shares of the company’s stock worth $44,293,000 after purchasing an additional 650,672 shares during the period. Quantbot Technologies LP boosted its stake in Fiverr International by 5,825.9% in the 1st quarter. Quantbot Technologies LP now owns 11,911 shares of the company’s stock valued at $282,000 after purchasing an additional 11,710 shares during the period. Finally, Arkadios Wealth Advisors grew its holdings in Fiverr International by 7.3% in the 1st quarter. Arkadios Wealth Advisors now owns 147,895 shares of the company’s stock valued at $3,502,000 after buying an additional 10,022 shares in the last quarter. 59.00% of the stock is currently owned by institutional investors.

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.