Fiverr International (NYSE:FVRR) Shares Gap Down to $22.21

Fiverr International Ltd. (NYSE:FVRR)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $22.21, but opened at $21.38. Fiverr International shares last traded at $21.23, with a volume of 133,355 shares.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FVRR shares. UBS Group cut Fiverr International from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $37.00 to $25.00 in a report on Tuesday. 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, May 9th. BTIG Research dropped their price objective on shares of Fiverr International from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, The Goldman Sachs Group raised their target price on shares of Fiverr International from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.09.

Fiverr International Price Performance

The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 1.23. The company’s fifty day moving average is $23.27 and its 200 day moving average is $24.04. The stock has a market cap of $889.34 million, a PE ratio of 104.59 and a beta of 1.71.

Fiverr International (NYSE:FVRR) last issued its earnings results on Thursday, May 9th. The company reported $0.04 EPS 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 business had revenue of $93.52 million during the quarter, compared to analysts’ expectations of $92.45 million. As a group, sell-side analysts anticipate that Fiverr International Ltd. will post 0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. grew its stake 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 buying an additional 510,000 shares in the last quarter. Engine Capital Management LP acquired a new stake in Fiverr International in the fourth quarter valued at approximately $19,193,000. Janney Montgomery Scott LLC purchased a new stake in shares of Fiverr International during the fourth quarter valued at approximately $924,000. ARK Investment Management LLC lifted its position in shares of Fiverr International by 3.9% during the fourth 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 boosted 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 valued at $311,000 after purchasing an additional 990 shares during the period. 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.