Fiverr International (NYSE:FVRR) Trading 10.5% Higher

Shares of Fiverr International Ltd. (NYSE:FVRRGet Rating) traded up 10.5% during mid-day trading on Tuesday . The company traded as high as $41.07 and last traded at $40.94. 18,877 shares traded hands during trading, a decline of 99% from the average session volume of 1,499,422 shares. The stock had previously closed at $37.05.

Several equities research analysts have issued reports on FVRR shares. Royal Bank of Canada lowered their price target on shares of Fiverr International from $80.00 to $32.00 in a report on Thursday, May 12th. Needham & Company LLC lowered their target price on shares of Fiverr International from $100.00 to $40.00 in a report on Thursday, May 12th. JMP Securities lowered their target price on shares of Fiverr International from $120.00 to $55.00 in a report on Thursday, May 12th. MKM Partners lowered their target price on shares of Fiverr International from $68.00 to $34.00 in a report on Thursday, May 12th. Finally, Piper Sandler lowered their target price on shares of Fiverr International from $80.00 to $50.00 in a report on Wednesday, May 11th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $86.00.

The company’s 50-day moving average is $62.26 and its 200-day moving average is $94.20. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -22.90 and a beta of 2.01. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.33 and a current ratio of 2.33.

Fiverr International (NYSE:FVRRGet Rating) last issued its quarterly earnings results on Wednesday, May 11th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.67) by $0.78. Fiverr International had a negative net margin of 20.30% and a negative return on equity of 17.23%. During the same quarter in the prior year, the business posted ($0.29) EPS. On average, analysts predict that Fiverr International Ltd. will post -2.26 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in FVRR. First Horizon Advisors Inc. lifted its position in Fiverr International by 828.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,885 shares of the company’s stock valued at $58,000 after purchasing an additional 1,682 shares during the period. US Bancorp DE lifted its position in Fiverr International by 20.0% during the 3rd quarter. US Bancorp DE now owns 6,335 shares of the company’s stock valued at $1,157,000 after purchasing an additional 1,054 shares during the period. Geode Capital Management LLC lifted its position in Fiverr International by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 16,593 shares of the company’s stock valued at $3,031,000 after purchasing an additional 356 shares during the period. Assetmark Inc. acquired a new position in Fiverr International during the 3rd quarter valued at about $34,000. Finally, Zevenbergen Capital Investments LLC lifted its position in Fiverr International by 3.3% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 191,710 shares of the company’s stock valued at $35,021,000 after purchasing an additional 6,080 shares during the period. Institutional investors own 57.26% of the company’s stock.

About Fiverr International (NYSE:FVRR)

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 approximately 550 categories in nine verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, data, and lifestyle.

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