Fiverr International (NYSE:FVRR) Stock Price Up 6.4%

Shares of Fiverr International Ltd. (NYSE:FVRR - Get Free Report) shot up 6.4% on Monday . The stock traded as high as $21.52 and last traded at $21.35. 357,034 shares traded hands during trading, a decline of 63% from the average session volume of 976,188 shares. The stock had previously closed at $20.06.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Royal Bank of Canada decreased their target price on Fiverr International from $30.00 to $26.00 and set a "sector perform" rating on the stock in a research report on Friday, February 23rd. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 target price on shares of Fiverr International in a research report on Thursday, February 22nd. JMP Securities restated a "market outperform" rating and set a $40.00 price target on shares of Fiverr International in a research report on Tuesday, January 30th. JPMorgan Chase & Co. decreased their price target on shares of Fiverr International from $35.00 to $30.00 and set a "neutral" rating on the stock in a research note on Friday, February 23rd. Finally, The Goldman Sachs Group upgraded 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. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Fiverr International has an average rating of "Moderate Buy" and a consensus price target of $35.82.

Fiverr International Stock Up 0.2 %

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 50 day simple moving average of $23.23 and a 200-day simple moving average of $24.54. The firm has a market capitalization of $776.95 million, a price-to-earnings ratio of 223.33 and a beta of 1.71.

Fiverr International (NYSE:FVRR - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.04. The company had revenue of $91.50 million during the quarter, compared to analyst estimates of $97.00 million. Fiverr International had a return on equity of 3.71% and a net margin of 1.02%. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.19) earnings per share. On average, equities analysts expect that Fiverr International Ltd. will post 0.69 EPS for the current year.

Hedge Funds Weigh In On Fiverr International

Several large investors have recently made changes to their positions in the stock. Essex Investment Management Co. LLC purchased a new position in Fiverr International during the 3rd quarter valued at about $1,837,000. ARK Investment Management LLC lifted its position in shares of Fiverr International by 29.5% during the third quarter. ARK Investment Management LLC now owns 73,485 shares of the company's stock worth $1,798,000 after purchasing an additional 16,731 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Fiverr International in the third quarter valued at approximately $3,291,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Fiverr International by 76.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 352,955 shares of the company's stock valued at $8,637,000 after purchasing an additional 153,202 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its stake in Fiverr International by 32.8% during the 3rd quarter. Arkadios Wealth Advisors now owns 78,424 shares of the company's stock worth $1,919,000 after buying an additional 19,349 shares during the period. 59.00% of the stock is currently owned by institutional investors and hedge funds.

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.