Fiverr International (NYSE:FVRR) Sets New 52-Week Low at $19.91

Shares of Fiverr International Ltd. (NYSE:FVRRGet Free Report) hit a new 52-week low on Tuesday . The company traded as low as $19.91 and last traded at $19.99, with a volume of 182199 shares changing hands. The stock had previously closed at $20.81.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FVRR shares. The Goldman Sachs Group raised Fiverr International from a “neutral” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Friday, January 19th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Fiverr International in a research note on Thursday, February 22nd. JMP Securities reissued a “market outperform” rating and issued a $40.00 price objective on shares of Fiverr International in a research note on Tuesday, January 30th. JPMorgan Chase & Co. cut their price objective on Fiverr International from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Finally, Citigroup lowered their target price on Fiverr International from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.82.

Read Our Latest Stock Report on FVRR

Fiverr International Price Performance

The company has a market cap of $801.99 million, a price-to-earnings ratio of 230.56 and a beta of 1.71. The company has a fifty day moving average price of $24.40 and a two-hundred day moving average price of $24.80. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.30.

Fiverr International (NYSE:FVRRGet Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.04. Fiverr International had a return on equity of 3.71% and a net margin of 1.02%. The company had revenue of $91.50 million for the quarter, compared to analyst estimates of $97.00 million. During the same quarter last year, the firm earned ($0.19) EPS. Fiverr International’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Fiverr International Ltd. will post 0.69 EPS for the current fiscal year.

Institutional Trading of Fiverr International

Institutional investors have recently bought and sold shares of the stock. Coppell Advisory Solutions LLC acquired a new stake in Fiverr International in the 2nd quarter valued at $44,000. Captrust Financial Advisors raised its position in Fiverr International by 30.6% in the 2nd quarter. Captrust Financial Advisors now owns 1,612 shares of the company’s stock valued at $55,000 after purchasing an additional 378 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in Fiverr International by 134.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,517 shares of the company’s stock valued at $62,000 after purchasing an additional 1,443 shares during the last quarter. Vima LLC bought a new position in Fiverr International in the 4th quarter valued at $86,000. Finally, State of Tennessee Treasury Department bought a new position in Fiverr International in the 4th quarter valued at $118,000. Institutional investors and hedge funds own 59.00% of the company’s stock.

About Fiverr International

(Get Free Report)

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.

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