Fiverr International (NYSE:FVRR) Shares Gap Up – Should You Buy?

Shares of Fiverr International Ltd. (NYSE:FVRR) gapped up prior to trading on Tuesday . The stock had previously closed at $24.76, but opened at $26.10. Fiverr International shares last traded at $26.28, with a volume of 55,549 shares.

Analyst Ratings Changes

A number of research firms recently issued reports on FVRR. Royal Bank of Canada reiterated a “sector perform” rating and set a $35.00 target price on shares of Fiverr International in a research report on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and issued a $36.00 target price on shares of Fiverr International in a research note on Wednesday, February 19th. Citizens Jmp downgraded Fiverr International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 20th. JMP Securities cut Fiverr International from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 20th. Finally, UBS Group upped their target price on Fiverr International from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.63.

Fiverr International Trading Up 4.6 %

The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.99 and a current ratio of 1.10. The firm has a market capitalization of $928.04 million, a P/E ratio of 55.09 and a beta of 1.93. The firm has a 50 day simple moving average of $30.46 and a two-hundred day simple moving average of $28.84.

Hedge Funds Weigh In On Fiverr International

Several institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. grew its stake in Fiverr International by 22.0% in the 4th quarter. Ameriprise Financial Inc. now owns 1,219,806 shares of the company’s stock valued at $38,704,000 after purchasing an additional 219,957 shares during the period. Engine Capital Management LP grew its position in Fiverr International by 2.3% during the fourth quarter. Engine Capital Management LP now owns 1,204,316 shares of the company’s stock valued at $38,213,000 after buying an additional 27,003 shares during the period. Millennium Management LLC grew its position in Fiverr International by 169.9% during the fourth quarter. Millennium Management LLC now owns 305,886 shares of the company’s stock valued at $9,706,000 after buying an additional 192,534 shares during the period. Pier Capital LLC purchased a new stake in Fiverr International during the fourth quarter worth about $8,674,000. Finally, Arkadios Wealth Advisors raised its position in Fiverr International by 22.0% in the fourth quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company’s stock worth $4,375,000 after acquiring an additional 24,839 shares during the period. 59.00% of the stock is owned by institutional investors.

Fiverr International Company Profile

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.