Fiverr International Ltd. (NYSE:FVRR - Get Free Report) fell 4.4% during mid-day trading on Monday . The stock traded as low as $32.38 and last traded at $32.30. 152,517 shares changed hands during trading, a decline of 77% from the average session volume of 666,579 shares. The stock had previously closed at $33.78.
Wall Street Analyst Weigh In
Several research firms have issued reports on FVRR. JPMorgan Chase & Co. boosted their price objective on Fiverr International from $27.00 to $32.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Royal Bank of Canada restated a "sector perform" rating and set a $35.00 price objective on shares of Fiverr International in a report on Thursday, February 20th. The Goldman Sachs Group upped their target price on Fiverr International from $41.00 to $47.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Scotiabank increased their price target on shares of Fiverr International from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a research report on Thursday, May 8th. Finally, JMP Securities cut shares of Fiverr International from an "outperform" rating to a "market perform" rating in a report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Fiverr International currently has an average rating of "Hold" and an average target price of $36.00.
Get Our Latest Report on Fiverr International
Fiverr International Price Performance
The stock's 50-day moving average is $28.88 and its 200 day moving average is $29.75. The stock has a market capitalization of $1.07 billion, a PE ratio of 63.62 and a beta of 1.58. The company has a quick ratio of 2.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.06.
Fiverr International announced that its board has approved a stock buyback program on Tuesday, March 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to purchase up to 10.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.
Institutional Trading of Fiverr International
Several large investors have recently added to or reduced their stakes in the business. Millennium Management LLC grew its position in Fiverr International by 20.9% in the first quarter. Millennium Management LLC now owns 369,714 shares of the company's stock worth $8,755,000 after acquiring an additional 63,828 shares in the last quarter. Jump Financial LLC grew its position in Fiverr International by 29.8% in the first quarter. Jump Financial LLC now owns 104,839 shares of the company's stock worth $2,483,000 after acquiring an additional 24,085 shares in the last quarter. Ameriprise Financial Inc. grew its position in Fiverr International by 53.3% in the first quarter. Ameriprise Financial Inc. now owns 1,870,478 shares of the company's stock worth $44,293,000 after acquiring an additional 650,672 shares in the last quarter. Quantbot Technologies LP grew its position in Fiverr International by 5,825.9% in the first quarter. Quantbot Technologies LP now owns 11,911 shares of the company's stock worth $282,000 after acquiring an additional 11,710 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its position in Fiverr International by 7.3% in the first quarter. Arkadios Wealth Advisors now owns 147,895 shares of the company's stock worth $3,502,000 after acquiring an additional 10,022 shares in the last quarter. 59.00% of the stock is owned by institutional investors.
Fiverr International Company Profile
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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.
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