Fiverr International (NYSE:FVRR) Sets New 52-Week High – What’s Next?

Shares of Fiverr International Ltd. (NYSE:FVRR) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $36.11 and last traded at $35.32, with a volume of 79959 shares trading hands. The stock had previously closed at $35.35.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price target on shares of Fiverr International in a research note on Wednesday, October 30th. Citigroup lifted their price target 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. JMP Securities boosted their price objective on shares of Fiverr International from $32.00 to $36.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. UBS Group upped their price target on shares of Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.30.

Fiverr International Stock Down 0.5 %

The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.99 and a current ratio of 2.99. The stock has a market cap of $1.34 billion, a P/E ratio of 135.62 and a beta of 1.69. The stock’s fifty day simple moving average is $27.92 and its 200-day simple moving average is $25.45.

Fiverr International (NYSE:FVRR) last issued 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. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. The company had revenue of $99.63 million during the quarter, compared to the consensus estimate of $96.37 million. As a group, research analysts forecast that Fiverr International Ltd. will post 0.51 earnings per share for the current fiscal year.

Institutional Trading of Fiverr International

Institutional investors and hedge funds have recently made changes to their positions in the company. ARK Investment Management LLC lifted its holdings in shares of Fiverr International by 27.1% during the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock worth $2,568,000 after acquiring an additional 23,335 shares during the period. Shaker Investments LLC OH bought a new stake in shares of Fiverr International during the 3rd quarter worth approximately $552,000. Engine Capital Management LP lifted its holdings in shares of Fiverr International by 2.7% during the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after acquiring an additional 21,144 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Fiverr International by 9.5% during the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after acquiring an additional 3,095 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Fiverr International by 18.4% during the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after acquiring an additional 2,208 shares during the period. Institutional investors own 59.00% of the company’s stock.

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.