Fiverr International (NYSE:FVRR) Shares Gap Up - Still a Buy?

Shares of Fiverr International Ltd. (NYSE:FVRR - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $32.70, but opened at $33.74. Fiverr International shares last traded at $33.69, with a volume of 70,318 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FVRR. Citigroup raised their target price on Fiverr International from $36.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. BTIG Research downgraded Fiverr International from a "buy" rating to a "neutral" rating in a report on Monday, November 4th. Needham & Company LLC reissued a "buy" rating and issued a $36.00 target price on shares of Fiverr International in a research note on Wednesday, October 30th. UBS Group boosted their price target on shares of Fiverr International from $31.00 to $32.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. Finally, JMP Securities raised their price target 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $32.30.

Fiverr International Price Performance

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 stock has a market cap of $1.31 billion, a P/E ratio of 130.51 and a beta of 1.69. The business has a 50 day simple moving average of $32.42 and a 200-day simple moving average of $27.18.

Fiverr International (NYSE:FVRR - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09. The firm had revenue of $99.63 million for the quarter, compared to analysts' expectations of $96.37 million. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. On average, sell-side analysts forecast that Fiverr International Ltd. will post 0.51 EPS for the current year.

Institutional Trading of Fiverr International

Several institutional investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors grew its stake in Fiverr International by 22.0% during the fourth quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company's stock valued at $4,375,000 after acquiring an additional 24,839 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Fiverr International by 12.6% in the 3rd quarter. Geode Capital Management LLC now owns 26,472 shares of the company's stock valued at $685,000 after buying an additional 2,961 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Fiverr International in the third quarter worth about $683,000. Huntington National Bank increased its position in shares of Fiverr International by 35,200.0% in the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company's stock valued at $27,000 after acquiring an additional 1,056 shares during the period. Finally, Shaker Investments LLC OH purchased a new position in Fiverr International during the 3rd quarter worth approximately $552,000. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

About Fiverr International

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.