Fiverr International (NYSE:FVRR) Reaches New 12-Month High – What’s Next?

Shares of Fiverr International Ltd. (NYSE:FVRR) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $32.86 and last traded at $32.55, with a volume of 61319 shares trading hands. The stock had previously closed at $31.83.

Wall Street Analyst Weigh In

Several analysts recently commented on FVRR shares. Citigroup raised their target price on Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JMP Securities raised their price objective on shares of Fiverr International from $32.00 to $36.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 target price on shares of Fiverr International in a research note on Wednesday, October 30th. Roth Mkm restated a “buy” rating and set a $32.00 price target (up previously from $30.00) on shares of Fiverr International in a research report on Thursday, August 1st. Finally, BTIG Research downgraded shares of Fiverr International from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.60.

Fiverr International Price Performance

The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.99 and a current ratio of 2.99. The stock has a market capitalization of $1.24 billion, a PE ratio of 123.50 and a beta of 1.68. The stock’s 50 day moving average is $26.10 and its two-hundred day moving average is $24.72.

Fiverr International (NYSE:FVRR) last released its earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. The business had revenue of $99.63 million for the quarter, compared to the consensus estimate of $96.37 million. On average, equities analysts anticipate that Fiverr International Ltd. will post 0.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Fiverr International

A number of large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new position in shares of Fiverr International in the third quarter worth about $683,000. ARK Investment Management LLC lifted its stake in Fiverr International by 27.1% in the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock worth $2,568,000 after purchasing an additional 23,335 shares in the last quarter. Shaker Investments LLC OH acquired a new position in shares of Fiverr International during the 3rd quarter worth approximately $552,000. Engine Capital Management LP boosted its holdings in shares of Fiverr International by 2.7% during the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after purchasing an additional 21,144 shares during the last quarter. Finally, Swedbank AB purchased a new stake in shares of Fiverr International in the first quarter valued at approximately $400,000. Hedge funds and other 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.