Fiverr International (NYSE:FVRR) Hits New 52-Week High - Still a Buy?

Fiverr International Ltd. (NYSE:FVRR - Get Free Report)'s stock price reached a new 52-week high on Friday . The stock traded as high as $32.86 and last traded at $32.55, with a volume of 61319 shares trading hands. The stock had previously closed at $31.83.

Analysts Set New Price Targets

A number of research analysts have issued reports on FVRR shares. BTIG Research lowered shares of Fiverr International from a "buy" rating to a "neutral" rating in a report on Monday, November 4th. Needham & Company LLC reaffirmed a "buy" rating and issued a $36.00 price objective on shares of Fiverr International in a research report on Wednesday, October 30th. The Goldman Sachs Group reduced their target price on Fiverr International from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Thursday, August 1st. Citigroup boosted their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Finally, JMP Securities increased their target price on Fiverr International from $32.00 to $36.00 and gave the stock a "market outperform" rating in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Fiverr International currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.60.

Fiverr International Stock Up 0.9 %

The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.99 and a current ratio of 2.99. The firm has a market capitalization of $1.24 billion, a P/E ratio of 123.50 and a beta of 1.68. The stock has a fifty day moving average price of $26.10 and a two-hundred day moving average price of $24.72.

Fiverr International (NYSE:FVRR - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. The business had revenue of $99.63 million during the quarter, compared to analyst estimates of $96.37 million. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. Research analysts forecast that Fiverr International Ltd. will post 0.51 EPS for the current year.

Institutional Investors Weigh In On Fiverr International

Several large investors have recently made changes to their positions in FVRR. Huntington National Bank raised its position in shares of Fiverr International by 35,200.0% during the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company's stock worth $27,000 after buying an additional 1,056 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Fiverr International by 18.4% during the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company's stock valued at $332,000 after purchasing an additional 2,208 shares during the period. Swedbank AB bought a new stake in shares of Fiverr International in the 1st quarter worth $400,000. Shaker Investments LLC OH acquired a new stake in shares of Fiverr International in the third quarter valued at $552,000. Finally, Public Employees Retirement System of Ohio bought a new position in Fiverr International during the third quarter valued at about $683,000. 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.