Fiverr International (NYSE:FVRR) Hits New 12-Month Low – Time to Sell?

Fiverr International (NYSE:FVRR)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $14.65 and last traded at $15.0490, with a volume of 378469 shares. The stock had previously closed at $15.57.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FVRR shares. Zacks Research cut Fiverr International from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Fiverr International in a research note on Thursday, January 29th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $32.22.

Fiverr International Stock Down 0.9%

The company has a market capitalization of $552.76 million, a P/E ratio of 25.95 and a beta of 1.32. 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 moving average price is $18.64 and its two-hundred day moving average price is $21.34.

Hedge Funds Weigh In On Fiverr International

A number of hedge funds and other institutional investors have recently bought and sold shares of FVRR. Northwestern Mutual Wealth Management Co. bought a new position in shares of Fiverr International during the 4th quarter worth approximately $43,000. Geode Capital Management LLC grew its stake in Fiverr International by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 28,593 shares of the company’s stock valued at $564,000 after buying an additional 1,291 shares during the last quarter. Clearstead Trust LLC bought a new position in Fiverr International in the 4th quarter valued at about $46,000. Hussman Strategic Advisors Inc. acquired a new stake in Fiverr International during the fourth quarter worth approximately $830,000. Finally, Pictet Asset Management Holding SA acquired a new stake in Fiverr International during the fourth quarter worth approximately $318,000. 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.