Brokerages Set Fiverr International Ltd. (NYSE:FVRR) Price Target at $33.82

Shares of Fiverr International Ltd. (NYSE:FVRR) have been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $33.09.

A number of research firms have weighed in on FVRR. UBS Group downgraded Fiverr International from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $37.00 to $25.00 in a report on Tuesday, July 2nd. BTIG Research dropped their price target on Fiverr International from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Needham & Company LLC reissued a “buy” rating and issued a $33.00 price target on shares of Fiverr International in a research report on Thursday, May 9th. Finally, The Goldman Sachs Group boosted their price target on Fiverr International from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, May 13th.

Fiverr International Stock Up 0.5 %

Shares of NYSE:FVRR opened at $23.56 on Tuesday. Fiverr International has a 1 year low of $18.83 and a 1 year high of $34.49. The company has a market cap of $910.59 million, a PE ratio of 107.09 and a beta of 1.71. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.08 and a quick ratio of 3.08. The stock’s 50-day moving average is $23.48 and its 200 day moving average is $23.91.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). Fiverr International had a net margin of 2.38% and a return on equity of 4.87%. The business had revenue of $93.52 million for the quarter, compared to analysts’ expectations of $92.45 million. Sell-side analysts anticipate that Fiverr International will post 0.45 EPS for the current year.

Hedge Funds Weigh In On Fiverr International

Hedge funds and other institutional investors have recently modified their holdings of the company. Vima LLC bought a new position in shares of Fiverr International during the 4th quarter valued at $86,000. Van ECK Associates Corp lifted its holdings in shares of Fiverr International by 9.5% during the 4th quarter. Van ECK Associates Corp now owns 11,439 shares of the company’s stock valued at $311,000 after buying an additional 990 shares during the period. Swedbank AB bought a new position in shares of Fiverr International during the 1st quarter valued at $400,000. California State Teachers Retirement System lifted its holdings in shares of Fiverr International by 9.5% during the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock valued at $749,000 after buying an additional 3,095 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Fiverr International by 21.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after buying an additional 7,307 shares during the period. 59.00% of the stock is owned by institutional investors.

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.