Fiverr International (NYSE:FVRR) Sees Unusually-High Trading Volume - Here's Why

Shares of Fiverr International Ltd. (NYSE:FVRR - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 558,786 shares changed hands during mid-day trading, a decline of 21% from the previous session's volume of 707,117 shares.The stock last traded at $30.21 and had previously closed at $33.06.

Analysts Set New Price Targets

A number of research firms recently commented on FVRR. Citizens Jmp cut Fiverr International from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Citigroup upped their price target on shares of Fiverr International from $36.00 to $39.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. JMP Securities cut shares of Fiverr International from an "outperform" rating to a "market perform" rating in a research note on Thursday. BTIG Research lowered shares of Fiverr International from a "buy" rating to a "neutral" rating in a research report on Monday, November 4th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $35.00 target price on shares of Fiverr International in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $33.20.

Fiverr International Trading Down 7.7 %

The company has a 50-day moving average of $32.16 and a 200 day moving average of $28.67. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.99 and a quick ratio of 2.99. The company has a market cap of $993.50 million, a PE ratio of 54.69 and a beta of 1.69.

Hedge Funds Weigh In On Fiverr International

Institutional investors and hedge funds have recently modified their holdings of the stock. Huntington National Bank raised its holdings in Fiverr International by 35,200.0% during the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company's stock valued at $27,000 after buying an additional 1,056 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Fiverr International by 134.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company's stock valued at $33,000 after acquiring an additional 592 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Fiverr International in the fourth quarter valued at $57,000. KLP Kapitalforvaltning AS bought a new stake in shares of Fiverr International in the 4th quarter worth about $187,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Fiverr International during the 3rd quarter worth about $683,000. Hedge funds and other institutional investors 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.