Fiverr International (NYSE:FVRR) Hits New 1-Year Low – Time to Sell?

Fiverr International (NYSE:FVRR)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $15.53 and last traded at $15.7560, with a volume of 1185848 shares traded. The stock had previously closed at $16.90.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FVRR shares. Zacks Research lowered Fiverr International from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Fiverr International in a research report on Thursday. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $32.22.

Fiverr International Trading Down 5.0%

The stock has a fifty day simple moving average of $19.14 and a 200 day simple moving average of $21.71. The firm has a market capitalization of $575.41 million, a P/E ratio of 27.21 and a beta of 1.32. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.05.

Fiverr International (NYSE:FVRR) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The firm had revenue of $107.90 million during the quarter, compared to analyst estimates of $107.88 million. Fiverr International had a return on equity of 13.53% and a net margin of 5.23%.The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 earnings per share. As a group, research analysts forecast that Fiverr International will post 1.04 EPS for the current year.

Institutional Investors Weigh In On Fiverr International

Institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC grew its stake in Fiverr International by 20.9% during the first quarter. Millennium Management LLC now owns 369,714 shares of the company’s stock valued at $8,755,000 after acquiring an additional 63,828 shares in the last quarter. Legal Advantage Investments Inc. boosted its holdings in shares of Fiverr International by 43.5% during the 2nd quarter. Legal Advantage Investments Inc. now owns 19,800 shares of the company’s stock valued at $581,000 after purchasing an additional 6,000 shares during the last quarter. ARK Investment Management LLC grew its position in shares of Fiverr International by 20.2% during the second quarter. ARK Investment Management LLC now owns 66,906 shares of the company’s stock valued at $1,962,000 after purchasing an additional 11,224 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Fiverr International by 7.4% in the second quarter. State of New Jersey Common Pension Fund D now owns 16,752 shares of the company’s stock worth $491,000 after purchasing an additional 1,157 shares during the last quarter. Finally, MQS Management LLC bought a new stake in shares of Fiverr International in the second quarter worth about $248,000. Institutional investors own 59.00% of the company’s stock.

About Fiverr International

Fiverr International Ltd. operates an online marketplace that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.

Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.