Fiverr International (NYSE:FVRR) Shares Down 8.9% - Time to Sell?

Fiverr International Ltd. (NYSE:FVRR - Get Free Report) shares were down 8.9% during mid-day trading on Thursday . The stock traded as low as $27.50 and last traded at $27.54. Approximately 438,320 shares changed hands during trading, a decline of 42% from the average daily volume of 761,283 shares. The stock had previously closed at $30.23.

Analyst Ratings Changes

Several analysts have recently issued reports on FVRR shares. Citizens Jmp downgraded Fiverr International from a "strong-buy" rating to a "hold" rating in a research note on Thursday. JMP Securities downgraded Fiverr International from an "outperform" rating to a "market perform" rating in a research note on Thursday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $35.00 price objective on shares of Fiverr International in a research report on Thursday. UBS Group raised their price objective on Fiverr International from $31.00 to $32.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $36.00 price objective on shares of Fiverr International in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $33.20.

Fiverr International Stock Performance

The company has a current ratio of 1.10, a quick ratio of 2.99 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average price of $31.99 and a 200-day moving average price of $28.67. The firm has a market capitalization of $921.27 million, a price-to-earnings ratio of 54.69 and a beta of 1.69.

Hedge Funds Weigh In On Fiverr International

A number of hedge funds have recently modified their holdings of FVRR. Huntington National Bank increased 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 purchasing an additional 1,056 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Fiverr International by 134.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company's stock valued at $33,000 after purchasing an additional 592 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Fiverr International during the 4th quarter valued at $57,000. KLP Kapitalforvaltning AS acquired a new stake in Fiverr International during the 4th quarter valued at $187,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Fiverr International during the 3rd quarter valued at $683,000. 59.00% of the stock is owned by institutional investors and hedge funds.

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.