Fiverr International (NYSE:FVRR) Shares Gap Down – Time to Sell?

Fiverr International Ltd. (NYSE:FVRR) gapped down before the market opened on Tuesday . The stock had previously closed at $29.81, but opened at $28.74. Fiverr International shares last traded at $29.11, with a volume of 63,129 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JMP Securities lifted their price target on Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a report 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. Citigroup increased their price target on shares of Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group cut 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 report on Thursday, August 1st. Finally, BTIG Research lowered shares of Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Fiverr International has a consensus rating of “Moderate Buy” and an average target price of $31.60.

Fiverr International Stock Performance

The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 1.47. The company has a market cap of $1.19 billion, a PE ratio of 118.04 and a beta of 1.68. The firm’s 50-day simple moving average is $25.82 and its two-hundred day simple moving average is $24.57.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Huntington National Bank lifted its holdings in shares of Fiverr International by 35,200.0% during the third quarter. Huntington National Bank now owns 1,059 shares of the company’s stock worth $27,000 after purchasing an additional 1,056 shares during the period. Van ECK Associates Corp lifted its stake in Fiverr International by 18.4% during the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock valued at $332,000 after acquiring an additional 2,208 shares during the period. Swedbank AB purchased a new stake in shares of Fiverr International in the 1st quarter valued at $400,000. Shaker Investments LLC OH acquired a new stake in shares of Fiverr International in the third quarter worth $552,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Fiverr International during the third quarter worth $683,000. 59.00% of the stock is owned by institutional investors and hedge funds.

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.