UBS Group Lowers Fiverr International (NYSE:FVRR) to Neutral

Fiverr International (NYSE:FVRR) was downgraded by UBS Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, FinViz reports. They presently have a $25.00 price objective on the stock, down from their prior price objective of $37.00. UBS Group’s price objective indicates a potential upside of 12.56% from the stock’s previous close.

Several other research analysts have also recently weighed in on FVRR. The Goldman Sachs Group upped their price target on shares of Fiverr International from $39.00 to $44.00 and gave the company a “buy” rating in a report on Monday, May 13th. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price target on shares of Fiverr International in a report on Thursday, May 9th. Finally, BTIG Research reduced their price target on shares of Fiverr International from $30.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.09.

Fiverr International Stock Down 5.2 %

Shares of NYSE:FVRR opened at $22.21 on Tuesday. Fiverr International has a 52 week low of $18.83 and a 52 week high of $34.49. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.08 and a current ratio of 3.08. The company has a market capitalization of $858.42 million, a PE ratio of 100.95 and a beta of 1.71. The company has a 50 day moving average price of $23.19 and a two-hundred day moving average price of $24.13.

Fiverr International (NYSE:FVRR) last issued its earnings results on Thursday, May 9th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.05). Fiverr International had a net margin of 2.38% and a return on equity of 4.87%. The firm had revenue of $93.52 million during the quarter, compared to the consensus estimate of $92.45 million. Analysts forecast that Fiverr International will post 0.45 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vima LLC acquired a new position in Fiverr International during the fourth quarter worth $86,000. Van ECK Associates Corp raised its position in Fiverr International by 9.5% during the fourth quarter. Van ECK Associates Corp now owns 11,439 shares of the company’s stock worth $311,000 after acquiring an additional 990 shares in the last quarter. Swedbank AB bought a new stake in Fiverr International during the first quarter worth $400,000. California State Teachers Retirement System raised its position in Fiverr International by 9.5% during the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after acquiring an additional 3,095 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Fiverr International by 21.5% during the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock worth $870,000 after acquiring an additional 7,307 shares in the last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.

About Fiverr International

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.