Fiverr International (NYSE:FVRR) Trading Down 7.3%

Fiverr International Ltd. (NYSE:FVRR) shares fell 7.3% during trading on Tuesday . The stock traded as low as $23.94 and last traded at $23.98. 182,730 shares were traded during trading, a decline of 78% from the average session volume of 849,324 shares. The stock had previously closed at $25.87.

Wall Street Analyst Weigh In

Several research firms have commented on FVRR. Roth Mkm restated a “buy” rating and set a $32.00 price objective (up from $30.00) on shares of Fiverr International in a report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and set a $36.00 price objective on shares of Fiverr International in a report on Wednesday, July 31st. The Goldman Sachs Group reduced their price objective 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 downgraded Fiverr International from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $37.00 to $25.00 in a report on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.30.

Fiverr International Price Performance

The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 1.44. The stock has a market cap of $938.13 million, a price-to-earnings ratio of 110.14 and a beta of 1.70. The stock has a 50-day moving average price of $24.55 and a two-hundred day moving average price of $23.23.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $94.66 million during 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%. As a group, equities research analysts forecast that Fiverr International Ltd. will post 0.57 EPS for the current year.

Institutional Trading of Fiverr International

A number of institutional investors have recently made changes to their positions in FVRR. Engine Capital Management LP acquired a new stake in Fiverr International during the 4th quarter worth about $19,193,000. Bullseye Asset Management LLC lifted its position in Fiverr International by 10.5% during the 4th quarter. Bullseye Asset Management LLC now owns 40,621 shares of the company’s stock worth $1,106,000 after acquiring an additional 3,861 shares during the period. Vima LLC acquired a new stake in Fiverr International during the 4th quarter worth about $86,000. Arkadios Wealth Advisors lifted its position in Fiverr International by 28.0% during the 1st quarter. Arkadios Wealth Advisors now owns 117,105 shares of the company’s stock worth $2,467,000 after acquiring an additional 25,613 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in Fiverr International by 21.5% during the 1st 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 period. 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.