Fiverr International (NYSE:FVRR) PT Raised to $270.00


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Fiverr International (NYSE:FVRR) had its target price upped by equities researchers at Smith Barney Citigroup from $185.00 to $270.00 in a research note issued to investors on Tuesday, The Fly reports. Smith Barney Citigroup’s price target would suggest a potential upside of 6.12% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. MKM Partners upped their target price on shares of Fiverr International from $118.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday, October 29th. UBS Group boosted their price objective on shares of Fiverr International from $116.00 to $148.00 and gave the company a “neutral” rating in a report on Thursday, October 29th. Needham & Company LLC boosted their price objective on shares of Fiverr International from $180.00 to $210.00 and gave the company a “buy” rating in a report on Friday, November 20th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on shares of Fiverr International from $185.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Bank of America boosted their price objective on shares of Fiverr International from $140.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $168.23.

Shares of NYSE FVRR opened at $254.42 on Tuesday. The firm’s 50 day moving average price is $208.40 and its 200-day moving average price is $147.91. The company has a market cap of $7.89 billion, a PE ratio of -591.66 and a beta of 2.31. Fiverr International has a 52-week low of $20.42 and a 52-week high of $259.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.46 and a current ratio of 2.46.

Fiverr International (NYSE:FVRR) last issued its earnings results on Wednesday, October 28th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.15. The firm had revenue of $52.35 million for the quarter, compared to the consensus estimate of $49.32 million. Fiverr International had a negative net margin of 8.69% and a negative return on equity of 4.48%. On average, analysts forecast that Fiverr International will post -0.13 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in FVRR. WASHINGTON TRUST Co purchased a new stake in Fiverr International during the third quarter valued at approximately $30,000. Weaver Consulting Group increased its holdings in Fiverr International by 66.7% during the third quarter. Weaver Consulting Group now owns 250 shares of the company’s stock valued at $35,000 after buying an additional 100 shares during the last quarter. Huntington National Bank increased its holdings in Fiverr International by 24.9% during the fourth quarter. Huntington National Bank now owns 251 shares of the company’s stock valued at $49,000 after buying an additional 50 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in Fiverr International by 33.3% during the third quarter. Valeo Financial Advisors LLC now owns 800 shares of the company’s stock valued at $111,000 after buying an additional 200 shares during the last quarter. Finally, IFP Advisors Inc purchased a new stake in Fiverr International during the third quarter valued at approximately $116,000. 59.13% of the stock is owned by institutional investors and hedge funds.

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 approximately 300 categories in eight verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, and lifestyle.

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