Fiverr International (NYSE:FVRR) Sets New 1-Year Low – Should You Sell?

Fiverr International (NYSE:FVRR) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $16.02 and last traded at $16.2050, with a volume of 194363 shares. The stock had previously closed at $16.57.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Zacks Research lowered shares of Fiverr International from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings started coverage on Fiverr International in a report on Saturday, November 1st. They set a “sell (d+)” rating for the company. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $32.60.

Fiverr International Stock Down 3.8%

The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.05. The firm’s 50 day simple moving average is $20.03 and its two-hundred day simple moving average is $22.47. The firm has a market cap of $571.43 million, a price-to-earnings ratio of 27.06 and a beta of 1.29.

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

Hedge Funds Weigh In On Fiverr International

Hedge funds have recently added to or reduced their stakes in the stock. Strategic Advocates LLC acquired a new stake in shares of Fiverr International during the 3rd quarter worth $26,000. Assetmark Inc. bought a new stake in Fiverr International during the second quarter worth about $41,000. Tower Research Capital LLC TRC lifted its position in Fiverr International by 4,392.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the company’s stock worth $90,000 after purchasing an additional 2,987 shares during the period. Fox Run Management L.L.C. acquired a new stake in Fiverr International during the third quarter worth about $215,000. Finally, Dark Forest Capital Management LP bought a new position in Fiverr International in the 3rd quarter valued at about $220,000. Institutional investors own 59.00% of the company’s stock.

Fiverr International Company Profile

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.