Fiverr International (NYSE:FVRR) Trading Down 10.9%

Posted by on Jun 16th, 2022

Fiverr International Ltd. (NYSE:FVRR – Get Rating) traded down 10.9% during trading on Thursday . The company traded as low as $32.00 and last traded at $32.00. 25,562 shares were traded during mid-day trading, a decline of 98% from the average session volume of 1,164,251 shares. The stock had previously closed at $35.91.

A number of equities research analysts have commented on the company. Piper Sandler reduced their price target on Fiverr International from $80.00 to $50.00 in a research report on Wednesday, May 11th. Royal Bank of Canada dropped their price objective on Fiverr International from $80.00 to $32.00 in a research note on Thursday, May 12th. Needham & Company LLC dropped their price objective on Fiverr International from $100.00 to $40.00 in a research note on Thursday, May 12th. MKM Partners dropped their price objective on Fiverr International from $68.00 to $34.00 in a research note on Thursday, May 12th. Finally, JMP Securities dropped their price objective on Fiverr International from $120.00 to $55.00 in a research note on Thursday, May 12th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Fiverr International has a consensus rating of “Buy” and a consensus target price of $86.00.

The business has a 50 day moving average of $47.94 and a two-hundred day moving average of $76.01. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.33 and a current ratio of 2.33. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -18.52 and a beta of 2.03.

Fiverr International (NYSE:FVRR – Get Rating) last posted its quarterly earnings results on Wednesday, May 11th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.78. Fiverr International had a negative return on equity of 17.23% and a negative net margin of 20.30%. During the same quarter in the prior year, the company posted ($0.29) EPS. On average, equities analysts predict that Fiverr International Ltd. will post -2.39 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of FVRR. Cullen Frost Bankers Inc. raised its stake in shares of Fiverr International by 111.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 338 shares of the company’s stock worth $38,000 after purchasing an additional 178 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in shares of Fiverr International in the fourth quarter worth approximately $68,000. Captrust Financial Advisors raised its stake in shares of Fiverr International by 105.3% in the third quarter. Captrust Financial Advisors now owns 390 shares of the company’s stock worth $71,000 after purchasing an additional 200 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Fiverr International by 276.9% in the fourth quarter. Advisors Asset Management Inc. now owns 946 shares of the company’s stock worth $108,000 after purchasing an additional 695 shares during the last quarter. Finally, Freemont Management S.A. purchased a new stake in shares of Fiverr International in the first quarter worth approximately $128,000. 57.26% of the stock is owned by hedge funds and other institutional investors.

About Fiverr International (NYSE:FVRR)

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 approximately 550 categories in nine verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, data, and lifestyle.

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