Fiverr International Ltd. (NYSE:FVRR) Receives $31.30 Average Target Price from Brokerages

Shares of Fiverr International Ltd. (NYSE:FVRR) have been given an average rating of “Moderate Buy” by the ten research firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $31.30.

A number of equities analysts have recently commented on FVRR shares. UBS Group downgraded Fiverr International from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $37.00 to $25.00 in a report on Tuesday, July 2nd. The Goldman Sachs Group dropped their target price on Fiverr International from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Roth Mkm reiterated a “buy” rating and set a $32.00 target price (up from $30.00) on shares of Fiverr International in a report on Thursday, August 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $36.00 target price on shares of Fiverr International in a report on Wednesday, July 31st.

Fiverr International Stock Performance

Fiverr International stock opened at $23.62 on Thursday. The stock’s 50-day moving average is $24.69 and its 200-day moving average is $23.34. The company has a market cap of $913.01 million, a price-to-earnings ratio of 107.36 and a beta of 1.71. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.17 and a quick ratio of 3.17. Fiverr International has a 12 month low of $18.83 and a 12 month high of $31.61.

Fiverr International (NYSE:FVRR) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $94.66 million for the quarter, compared to the consensus estimate of $94.69 million. Fiverr International had a return on equity of 5.67% and a net margin of 3.17%. Equities analysts anticipate that Fiverr International will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On Fiverr International

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp increased its holdings in Fiverr International by 18.4% during the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after purchasing an additional 2,208 shares during the last quarter. California State Teachers Retirement System increased its holdings in Fiverr International by 9.5% during the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after purchasing an additional 3,095 shares during the last quarter. Vima LLC acquired a new position in shares of Fiverr International in the 4th quarter worth approximately $86,000. Bullseye Asset Management LLC grew its position in shares of Fiverr International by 10.5% in the 4th quarter. Bullseye Asset Management LLC now owns 40,621 shares of the company’s stock worth $1,106,000 after acquiring an additional 3,861 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Fiverr International by 21.5% in the 1st 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. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

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.