Fiverr International (NYSE:FVRR) Trading Down 7.3%

Fiverr International Ltd. (NYSE:FVRR) dropped 7.3% on Tuesday . The company traded as low as $23.94 and last traded at $23.98. Approximately 182,730 shares were traded during trading, a decline of 78% from the average daily volume of 849,324 shares. The stock had previously closed at $25.87.

Analysts Set New Price Targets

FVRR has been the subject of a number of recent research reports. The Goldman Sachs Group reduced their price objective on Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Needham & Company LLC reiterated a “buy” rating and set a $36.00 price objective on shares of Fiverr International in a research note on Wednesday, July 31st. UBS Group lowered Fiverr International from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $37.00 to $25.00 in a research note on Tuesday, July 2nd. Finally, Roth Mkm reiterated a “buy” rating and set a $32.00 price objective (up previously from $30.00) on shares of Fiverr International in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.30.

Fiverr International Trading Down 6.2 %

The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.17 and a current ratio of 3.17. The company has a 50 day moving average of $24.55 and a two-hundred day moving average of $23.23. The stock has a market cap of $938.13 million, a PE ratio of 110.14 and a beta of 1.70.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. Fiverr International had a return on equity of 5.67% and a net margin of 3.17%. The firm had revenue of $94.66 million during the quarter, compared to analyst estimates of $94.69 million. Sell-side analysts anticipate that Fiverr International Ltd. will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fiverr International

Large investors have recently bought and sold shares of the company. Vima LLC purchased a new stake in Fiverr International during the 4th quarter worth approximately $86,000. Van ECK Associates Corp increased its stake in 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 buying an additional 2,208 shares in the last quarter. Swedbank AB purchased a new stake in Fiverr International during the 1st quarter worth approximately $400,000. California State Teachers Retirement System increased its stake in 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 buying an additional 3,095 shares in the last quarter. Finally, Bullseye Asset Management LLC increased its stake in Fiverr International by 10.5% during the 4th quarter. Bullseye Asset Management LLC now owns 40,621 shares of the company’s stock worth $1,106,000 after buying an additional 3,861 shares in the last quarter. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

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.