Fiverr International (NYSE:FVRR) Hits New 1-Year High – Still a Buy?

Fiverr International Ltd. (NYSE:FVRR)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $36.11 and last traded at $35.32, with a volume of 79959 shares traded. The stock had previously closed at $35.35.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FVRR shares. BTIG Research lowered Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. JMP Securities lifted their price target on shares of Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Citigroup increased their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and set a $36.00 target price on shares of Fiverr International in a report on Wednesday, October 30th. Finally, UBS Group increased their price target on Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $32.30.

Fiverr International Price Performance

The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 1.47. The stock has a market cap of $1.33 billion, a PE ratio of 135.97 and a beta of 1.69. The company’s 50 day moving average is $27.74 and its 200-day moving average is $25.37.

Fiverr International (NYSE:FVRR) last announced its earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. The business had revenue of $99.63 million for the quarter, compared to analyst estimates of $96.37 million. As a group, sell-side analysts predict that Fiverr International Ltd. will post 0.51 earnings per share for the current year.

Institutional Trading of Fiverr International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System grew its holdings 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 acquiring an additional 3,095 shares in the last quarter. ARK Investment Management LLC lifted its position in shares of Fiverr International by 27.1% during the second quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock worth $2,568,000 after purchasing an additional 23,335 shares during the last quarter. Van ECK Associates Corp grew its stake in Fiverr International by 18.4% in the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after purchasing an additional 2,208 shares in the last quarter. Engine Capital Management LP increased its holdings in Fiverr International by 2.7% in the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock valued at $19,079,000 after buying an additional 21,144 shares during the last quarter. Finally, Shaker Investments LLC OH acquired a new stake in Fiverr International during the third quarter valued at approximately $552,000. Institutional investors 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.