Fiverr International (NYSE:FVRR) Cut to Neutral at BTIG Research

BTIG Research lowered shares of Fiverr International (NYSE:FVRR) from a buy rating to a neutral rating in a report released on Monday, MarketBeat.com reports.

A number of other brokerages also recently weighed in on FVRR. The Goldman Sachs Group dropped their price objective on Fiverr International from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and issued a $36.00 price target on shares of Fiverr International in a report on Wednesday, October 30th. Roth Mkm reiterated a “buy” rating and set a $32.00 price objective (up previously from $30.00) on shares of Fiverr International in a research note on Thursday, August 1st. JMP Securities raised their target price on shares of Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Finally, Citigroup lifted their price target on shares of Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Fiverr International currently has an average rating of “Moderate Buy” and an average price target of $31.60.

Fiverr International Trading Up 1.8 %

NYSE:FVRR opened at $29.52 on Monday. The firm has a 50-day simple moving average of $24.80 and a 200-day simple moving average of $23.94. Fiverr International has a one year low of $18.83 and a one year high of $32.68. The firm has a market cap of $1.14 billion, a P/E ratio of 113.54 and a beta of 1.68. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.99 and a current ratio of 2.99.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The company had revenue of $99.63 million during the quarter, compared to the consensus estimate of $96.37 million. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. Equities analysts anticipate that Fiverr International will post 0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

Several hedge funds have recently made changes to their positions in the company. Huntington National Bank grew its stake in Fiverr International by 35,200.0% during the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company’s stock valued at $27,000 after purchasing an additional 1,056 shares during the last quarter. Van ECK Associates Corp increased its holdings in Fiverr International by 18.4% in the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after buying an additional 2,208 shares during the period. Swedbank AB purchased a new position in Fiverr International during the 1st quarter worth approximately $400,000. Shaker Investments LLC OH acquired a new stake in Fiverr International during the 3rd quarter valued at approximately $552,000. Finally, 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. 59.00% of the stock is owned by institutional investors and hedge funds.

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.