Fiverr International (NYSE:FVRR) Reaches New 1-Year High on Analyst Upgrade

Fiverr International Ltd. (NYSE:FVRR)’s stock price reached a new 52-week high during trading on Tuesday after UBS Group raised their price target on the stock from $31.00 to $32.00. UBS Group currently has a neutral rating on the stock. Fiverr International traded as high as $33.99 and last traded at $33.66, with a volume of 270991 shares changing hands. The stock had previously closed at $32.78.

Other research analysts have also issued research reports about the stock. Citigroup boosted their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. JMP Securities boosted their price objective on shares of Fiverr International from $32.00 to $36.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. BTIG Research lowered shares of Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $36.00 target price on shares of Fiverr International in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Fiverr International has an average rating of “Moderate Buy” and an average target price of $32.30.

Institutional Trading of Fiverr International

Several large investors have recently made changes to their positions in the business. Huntington National Bank boosted its holdings in shares of Fiverr International by 35,200.0% in the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company’s stock valued at $27,000 after acquiring an additional 1,056 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Fiverr International by 18.4% in the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock valued at $332,000 after acquiring an additional 2,208 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Fiverr International by 12.6% in the 3rd quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock valued at $685,000 after acquiring an additional 2,961 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Fiverr International by 9.5% in the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock valued at $749,000 after acquiring an additional 3,095 shares during the last quarter. Finally, Engine Capital Management LP boosted its holdings in shares of Fiverr International by 2.7% in the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock valued at $19,079,000 after acquiring an additional 21,144 shares during the last quarter. 59.00% of the stock is owned by hedge funds and other institutional investors.

Fiverr International Price Performance

The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 1.47. The firm’s fifty day moving average price is $27.38 and its 200 day moving average price is $25.24. The firm has a market capitalization of $1.37 billion, a PE ratio of 136.40 and a beta of 1.69.

Fiverr International (NYSE:FVRR) last posted its earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.09. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. The firm had revenue of $99.63 million during the quarter, compared to analysts’ expectations of $96.37 million. As a group, equities analysts forecast that Fiverr International Ltd. will post 0.51 earnings per share for the current year.

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.