Fiverr International Ltd. (NYSE:FVRR - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $32.11 and last traded at $31.91, with a volume of 318360 shares traded. The stock had previously closed at $25.07.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on FVRR. Needham & Company LLC reaffirmed a "buy" rating and set a $36.00 price target on shares of Fiverr International in a research note on Wednesday. Roth Mkm reaffirmed a "buy" rating and set a $32.00 target price (up from $30.00) on shares of Fiverr International in a research report on Thursday, August 1st. The Goldman Sachs Group cut their target price on Fiverr International from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, August 1st. Finally, UBS Group cut Fiverr International from a "buy" rating to a "neutral" rating and decreased their price target for the company from $37.00 to $25.00 in a research note on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Fiverr International presently has a consensus rating of "Moderate Buy" and an average target price of $31.30.
Get Our Latest Research Report on FVRR
Fiverr International Price Performance
The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.17 and a current ratio of 3.17. The business has a 50 day moving average price of $24.43 and a 200-day moving average price of $23.58. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 145.05 and a beta of 1.71.
Fiverr International (NYSE:FVRR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. The firm had revenue of $94.66 million for the quarter, compared to analysts' expectations of $94.69 million. Fiverr International had a return on equity of 5.67% and a net margin of 3.17%. Research analysts predict that Fiverr International Ltd. will post 0.57 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. ARK Investment Management LLC raised its holdings in shares of Fiverr International by 27.1% during the second quarter. ARK Investment Management LLC now owns 109,586 shares of the company's stock valued at $2,568,000 after purchasing an additional 23,335 shares during the period. Shaker Investments LLC OH bought a new position in Fiverr International in the third quarter worth approximately $552,000. Engine Capital Management LP grew its stake in Fiverr International by 2.7% in the second quarter. Engine Capital Management LP now owns 814,294 shares of the company's stock valued at $19,079,000 after acquiring an additional 21,144 shares during the period. Swedbank AB bought a new stake in shares of Fiverr International during the first quarter valued at approximately $400,000. Finally, Janney Montgomery Scott LLC raised its position in shares of Fiverr International by 21.5% during the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company's stock worth $870,000 after purchasing an additional 7,307 shares during the period. 59.00% of the stock is owned by institutional investors.
About Fiverr International
(
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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.
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