Fiverr International (NYSE:FVRR) Trading 6.2% Higher - Should You Buy?

Fiverr International Ltd. (NYSE:FVRR - Get Free Report)'s share price traded up 6.2% during trading on Monday . The stock traded as high as $23.98 and last traded at $23.83. 81,959 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 824,926 shares. The stock had previously closed at $22.43.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FVRR shares. Needham & Company LLC restated a "buy" rating and set a $36.00 price target on shares of Fiverr International in a report on Wednesday, July 31st. UBS Group cut shares of 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 report on Tuesday, July 2nd. Roth Mkm reaffirmed a "buy" rating and set a $32.00 price target (up previously from $30.00) on shares of Fiverr International in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group reduced their price objective on shares of Fiverr International from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $31.30.

Fiverr International Trading Up 9.7 %

The company has a debt-to-equity ratio of 1.44, a current ratio of 3.17 and a quick ratio of 3.17. The firm has a market cap of $950.89 million, a price-to-earnings ratio of 111.82 and a beta of 1.71. The firm's fifty day moving average is $24.47 and its 200-day moving average is $23.51.

Fiverr International (NYSE:FVRR - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.13 earnings per share 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 company had revenue of $94.66 million during the quarter, compared to analyst estimates of $94.69 million. Equities analysts anticipate that Fiverr International Ltd. will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On Fiverr International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Fiverr International by 18.4% during the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company's stock worth $332,000 after acquiring an additional 2,208 shares in the last quarter. Swedbank AB purchased a new stake in shares of Fiverr International in the first quarter worth approximately $400,000. Shaker Investments LLC OH bought a new position in shares of Fiverr International in the third quarter valued at approximately $552,000. California State Teachers Retirement System lifted its holdings in shares of Fiverr International by 9.5% in the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company's stock valued at $749,000 after purchasing an additional 3,095 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted 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 valued at $870,000 after buying an additional 7,307 shares during the last quarter. Institutional investors own 59.00% of the company's stock.

Fiverr International Company Profile

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.