Fiverr International (NYSE:FVRR) Shares Gap Down - Here's What Happened

Fiverr International Ltd. (NYSE:FVRR - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $30.19, but opened at $28.95. Fiverr International shares last traded at $28.90, with a volume of 99,927 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FVRR. Citigroup lifted their target price on shares of Fiverr International from $36.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday. Roth Mkm restated a "buy" rating and set a $32.00 price objective (up from $30.00) on shares of Fiverr International in a research report on Thursday, August 1st. Needham & Company LLC reiterated a "buy" rating and set a $36.00 target price on shares of Fiverr International in a report on Wednesday, October 30th. BTIG Research cut Fiverr International from a "buy" rating to a "neutral" rating in a report on Monday. Finally, JMP Securities upped their price objective on Fiverr International from $32.00 to $36.00 and gave the company a "market outperform" rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $31.60.

Fiverr International Trading Down 6.7 %

The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 109.70 and a beta of 1.68. The company has a debt-to-equity ratio of 1.47, a quick ratio of 3.17 and a current ratio of 2.99. The business has a fifty day moving average price of $24.62 and a 200 day moving average price of $23.77.

Fiverr International (NYSE:FVRR - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.09. The company had revenue of $99.63 million for the quarter, compared to the consensus estimate of $96.37 million. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. As a group, equities analysts forecast that Fiverr International Ltd. will post 0.57 earnings per share for the current year.

Hedge Funds Weigh In On Fiverr International

A number of hedge funds have recently made changes to their positions in the business. ARK Investment Management LLC lifted its position in Fiverr International by 27.1% during the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company's stock worth $2,568,000 after acquiring an additional 23,335 shares in the last quarter. Shaker Investments LLC OH purchased a new position in shares of Fiverr International in the third quarter valued at $552,000. Engine Capital Management LP grew its holdings in Fiverr International by 2.7% during the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company's stock valued at $19,079,000 after purchasing an additional 21,144 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Fiverr International by 21.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company's stock valued at $870,000 after purchasing an additional 7,307 shares in the last quarter. Finally, Swedbank AB purchased a new stake in Fiverr International during the 1st quarter worth $400,000. Hedge funds and other institutional investors own 59.00% of the company's stock.

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.