Fiverr International (NYSE:FVRR) Shares Gap Down – Should You Sell?

Shares of Fiverr International Ltd. (NYSE:FVRR) gapped down prior to trading on Monday . The stock had previously closed at $30.19, but opened at $28.95. Fiverr International shares last traded at $28.90, with a volume of 99,927 shares changing hands.

Analyst Upgrades and Downgrades

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

Fiverr International Trading Up 3.0 %

The firm has a 50 day simple moving average of $24.70 and a 200 day simple moving average of $23.90. The firm has a market cap of $1.12 billion, a P/E ratio of 111.54 and a beta of 1.68. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.99 and a current ratio of 2.99.

Fiverr International (NYSE:FVRR) last posted its earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share (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 for the quarter, compared to analysts’ expectations of $96.37 million. On average, equities research analysts predict that Fiverr International Ltd. will post 0.57 EPS for the current fiscal year.

Institutional Trading of Fiverr International

Several hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its position 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 buying an additional 2,208 shares during the period. California State Teachers Retirement System grew its stake in shares of Fiverr International by 9.5% in the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after purchasing an additional 3,095 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Fiverr International by 21.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after purchasing an additional 7,307 shares during the last quarter. Swedbank AB bought a new position in Fiverr International during the 1st quarter valued at approximately $400,000. Finally, Engine Capital Management LP lifted its holdings in Fiverr International by 2.7% in the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after buying an additional 21,144 shares during the period. 59.00% of the stock is owned by 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.