Fiverr International Ltd. (NYSE:FVRR) Receives $31.60 Average Target Price from Brokerages

Fiverr International Ltd. (NYSE:FVRR) has been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $31.60.

FVRR has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price target on shares of Fiverr International in a research note on Wednesday, October 30th. JMP Securities upped their target price on Fiverr International from $32.00 to $36.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Citigroup lifted their price target on Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, BTIG Research downgraded Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th.

Fiverr International Stock Down 0.7 %

Shares of NYSE FVRR opened at $32.61 on Friday. Fiverr International has a 52 week low of $18.83 and a 52 week high of $33.90. The stock’s fifty day moving average is $26.86 and its 200 day moving average is $25.05. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.99 and a current ratio of 2.99. The stock has a market capitalization of $1.26 billion, a P/E ratio of 125.43 and a beta of 1.68.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $99.63 million for the quarter, compared to analysts’ expectations of $96.37 million. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. Sell-side analysts forecast that Fiverr International will post 0.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

A number of institutional investors and hedge funds have recently made changes to their positions in FVRR. Geode Capital Management LLC raised its position in shares of Fiverr International by 12.6% during the third quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock worth $685,000 after purchasing an additional 2,961 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Fiverr International in the 3rd quarter valued at $683,000. Huntington National Bank raised its holdings in Fiverr International by 35,200.0% during the third quarter. Huntington National Bank now owns 1,059 shares of the company’s stock worth $27,000 after buying an additional 1,056 shares during the last quarter. Shaker Investments LLC OH bought a new position in shares of Fiverr International in the third quarter valued at $552,000. Finally, Engine Capital Management LP grew its holdings in shares of Fiverr International by 2.7% during the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock valued at $19,079,000 after buying an additional 21,144 shares during the last quarter. Institutional investors own 59.00% of the company’s stock.

Fiverr International Company Profile

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.