Fiverr International (NYSE:FVRR) Reaches New 1-Year Low at $19.08

Fiverr International Ltd. (NYSE:FVRR - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $19.08 and last traded at $19.35, with a volume of 108648 shares trading hands. The stock had previously closed at $20.05.

Wall Street Analyst Weigh In

FVRR has been the subject of a number of research reports. The Goldman Sachs Group raised Fiverr International from a "neutral" rating to a "buy" rating and set a $43.00 price objective for the company in a research note on Friday, January 19th. JMP Securities reissued a "market outperform" rating and set a $40.00 target price on shares of Fiverr International in a research note on Tuesday, January 30th. Piper Sandler cut Fiverr International from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $30.00 to $25.00 in a research note on Thursday, February 22nd. JPMorgan Chase & Co. lowered their target price on Fiverr International from $35.00 to $30.00 and set a "neutral" rating for the company in a research note on Friday, February 23rd. Finally, Royal Bank of Canada lowered their target price on Fiverr International from $30.00 to $26.00 and set a "sector perform" rating for the company in a research note on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $35.82.

Fiverr International Trading Down 4.1 %

The firm has a market cap of $742.85 million, a price-to-earnings ratio of 215.33 and a beta of 1.71. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.89 and a current ratio of 2.89. The business has a fifty day moving average of $23.79 and a two-hundred day moving average of $24.65.

Fiverr International (NYSE:FVRR - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.04. The firm had revenue of $91.50 million for the quarter, compared to analysts' expectations of $97.00 million. Fiverr International had a return on equity of 3.71% and a net margin of 1.02%. Fiverr International's quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.19) EPS. As a group, equities analysts expect that Fiverr International Ltd. will post 0.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its holdings in Fiverr International by 30.6% in the second quarter. Captrust Financial Advisors now owns 1,612 shares of the company's stock valued at $55,000 after acquiring an additional 378 shares during the last quarter. Coppell Advisory Solutions LLC acquired a new position in shares of Fiverr International during the second quarter worth about $44,000. Industrial Alliance Investment Management Inc. acquired a new position in shares of Fiverr International during the first quarter worth about $134,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Fiverr International by 134.4% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,517 shares of the company's stock worth $62,000 after purchasing an additional 1,443 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired a new position in shares of Fiverr International during the first quarter worth about $229,000. Institutional investors and hedge funds 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.