Fiverr International (NYSE:FVRR) Shares Gap Up – Here’s What Happened

Shares of Fiverr International Ltd. (NYSE:FVRR) gapped up before the market opened on Thursday . The stock had previously closed at $32.70, but opened at $33.74. Fiverr International shares last traded at $33.69, with a volume of 70,318 shares trading hands.

Analysts Set New Price Targets

FVRR has been the subject of a number of analyst reports. Citigroup raised their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and issued a $36.00 price objective on shares of Fiverr International in a report on Wednesday, October 30th. BTIG Research downgraded Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. JMP Securities boosted their price target on Fiverr International from $32.00 to $36.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Finally, UBS Group increased their price objective on Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $32.30.

Fiverr International Stock Down 0.6 %

The company has a fifty day simple moving average of $32.51 and a 200-day simple moving average of $27.26. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 1.47. The firm has a market cap of $1.31 billion, a P/E ratio of 130.51 and a beta of 1.69.

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

Hedge Funds Weigh In On Fiverr International

Several large investors have recently made changes to their positions in the business. Huntington National Bank boosted its position 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 acquiring an additional 1,056 shares during the last quarter. Shaker Investments LLC OH bought a new position in shares of Fiverr International during the 3rd quarter valued at about $552,000. Public Employees Retirement System of Ohio purchased a new position in shares of Fiverr International during the third quarter valued at about $683,000. Geode Capital Management LLC lifted its position in shares of Fiverr International by 12.6% in the third quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock worth $685,000 after buying an additional 2,961 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its position in shares of Fiverr International by 22.0% in the fourth quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company’s stock worth $4,375,000 after buying an additional 24,839 shares in the last quarter. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

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.