Fiverr International (NYSE:FVRR) Reaches New 1-Year Low – What’s Next?

Fiverr International (NYSE:FVRR) reached a new 52-week low on Thursday . The stock traded as low as $19.20 and last traded at $19.1690, with a volume of 228991 shares trading hands. The stock had previously closed at $19.73.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FVRR. BTIG Research upgraded shares of Fiverr International from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Friday, September 19th. Oppenheimer lowered their price objective on Fiverr International from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 16th. Weiss Ratings started coverage on Fiverr International in a research note on Saturday, November 1st. They issued a “sell (d+)” rating for the company. Needham & Company LLC reissued a “buy” rating and set a $32.00 target price on shares of Fiverr International in a research note on Tuesday, September 16th. Finally, Zacks Research downgraded Fiverr International from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $32.60.

Fiverr International Stock Performance

The business has a 50 day moving average of $20.51 and a 200 day moving average of $23.06. The company has a market capitalization of $650.32 million, a P/E ratio of 30.75 and a beta of 1.29. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.05.

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

Hedge Funds Weigh In On Fiverr International

A number of hedge funds and other institutional investors have recently modified their holdings of FVRR. Tidal Investments LLC raised its stake in shares of Fiverr International by 2.5% in the second quarter. Tidal Investments LLC now owns 25,420 shares of the company’s stock worth $746,000 after purchasing an additional 614 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Fiverr International by 4.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,003 shares of the company’s stock worth $366,000 after buying an additional 672 shares during the last quarter. Investment House LLC raised its position in Fiverr International by 0.3% during the 2nd quarter. Investment House LLC now owns 277,390 shares of the company’s stock worth $8,136,000 after buying an additional 910 shares during the last quarter. Strategic Advocates LLC acquired a new stake in Fiverr International during the 3rd quarter valued at approximately $26,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Fiverr International by 4.5% in the 2nd quarter. Geode Capital Management LLC now owns 25,817 shares of the company’s stock valued at $756,000 after acquiring an additional 1,112 shares during 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 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.