Fiverr International (NYSE:FVRR) Shares Gap Up - What's Next?

Shares of Fiverr International Ltd. (NYSE:FVRR - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $21.53, but opened at $22.62. Fiverr International shares last traded at $22.87, with a volume of 196,367 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FVRR shares. The Goldman Sachs Group lowered their target price on Fiverr International from $44.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, August 1st. Roth Mkm reiterated a "buy" rating and set a $32.00 target price (up previously from $30.00) on shares of Fiverr International in a research report on Thursday, August 1st. UBS Group downgraded shares of Fiverr International from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $37.00 to $25.00 in a research report on Tuesday, July 2nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $36.00 price target on shares of Fiverr International in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $31.30.

Fiverr International Trading Up 4.0 %

The firm's 50 day moving average is $24.56 and its 200 day moving average is $23.45. The firm has a market capitalization of $865.46 million, a price-to-earnings ratio of 104.05 and a beta of 1.71. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 1.44.

Fiverr International (NYSE:FVRR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. Fiverr International had a net margin of 3.17% and a return on equity of 5.67%. The business had revenue of $94.66 million for the quarter, compared to analysts' expectations of $94.69 million. 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. 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 acquiring an additional 7,307 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Fiverr International by 9.5% during the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company's stock worth $749,000 after purchasing an additional 3,095 shares during the last quarter. Swedbank AB bought a new stake in Fiverr International during the first quarter worth about $400,000. ARK Investment Management LLC grew its stake in shares of Fiverr International by 27.1% in the second quarter. ARK Investment Management LLC now owns 109,586 shares of the company's stock valued at $2,568,000 after buying an additional 23,335 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in Fiverr International by 18.4% in the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company's stock valued at $332,000 after purchasing an additional 2,208 shares during the last quarter. Institutional investors and hedge funds 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.