Fiverr International (NYSE:FVRR) Sets New 12-Month Low – Here’s What Happened

Fiverr International (NYSE:FVRR)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $13.07 and last traded at $13.13, with a volume of 3373421 shares changing hands. The stock had previously closed at $14.34.

Wall Street Analyst Weigh In

FVRR has been the topic of a number of recent research reports. Zacks Research lowered Fiverr International from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings reaffirmed 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, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $32.22.

Fiverr International Stock Performance

The stock has a market capitalization of $470.58 million, a P/E ratio of 10.95 and a beta of 1.31. The stock has a 50 day simple moving average of $17.95 and a two-hundred day simple moving average of $21.00. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.05.

Institutional Trading of Fiverr International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strategic Advocates LLC bought a new position in shares of Fiverr International in the 3rd quarter valued at about $26,000. Russell Investments Group Ltd. acquired a new stake in Fiverr International in the 4th quarter valued at about $32,000. Assetmark Inc. bought a new position in Fiverr International during the second quarter worth about $41,000. Northwestern Mutual Wealth Management Co. acquired a new position in Fiverr International during the fourth quarter worth approximately $43,000. Finally, Clearstead Trust LLC bought a new stake in Fiverr International in the fourth quarter valued at approximately $46,000. 59.00% of the stock is owned by institutional investors.

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.