Fiverr International’s (FVRR) “Buy” Rating Reaffirmed at Roth Mkm

Roth Mkm reissued their buy rating on shares of Fiverr International (NYSE:FVRR) in a report published on Thursday, Benzinga reports. They currently have a $32.00 price objective on the stock, up from their prior price objective of $30.00.

Other equities analysts have also recently issued research reports about the company. Needham & Company LLC reissued a buy rating and set a $36.00 price target on shares of Fiverr International in a report on Wednesday. The Goldman Sachs Group lowered their price target on Fiverr International from $44.00 to $39.00 and set a buy rating for the company in a report on Thursday. UBS Group cut Fiverr International from a buy rating to a neutral rating and lowered their target price for the stock from $37.00 to $25.00 in a report on Tuesday, July 2nd. Finally, BTIG Research lowered their target price on Fiverr International from $30.00 to $28.00 and set a buy rating for the company in a report on Thursday, April 18th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $32.82.

Fiverr International Price Performance

FVRR remained flat at $23.28 during trading on Thursday. The company had a trading volume of 472,460 shares, compared to its average volume of 933,173. The stock has a 50 day simple moving average of $23.47 and a 200 day simple moving average of $23.49. The company has a market capitalization of $899.77 million, a price-to-earnings ratio of 105.95 and a beta of 1.71. Fiverr International has a twelve month low of $18.83 and a twelve month high of $34.49. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 1.23.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.05). The company had revenue of $93.52 million during the quarter, compared to analyst estimates of $92.45 million. Fiverr International had a net margin of 3.17% and a return on equity of 5.56%. As a group, sell-side analysts predict that Fiverr International will post 0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Fiverr International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp lifted its stake in shares of Fiverr International by 9.5% in the 4th quarter. Van ECK Associates Corp now owns 11,439 shares of the company’s stock valued at $311,000 after acquiring an additional 990 shares during the last quarter. California State Teachers Retirement System raised its position in 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 purchasing an additional 3,095 shares during the last quarter. Vima LLC bought a new position in Fiverr International during the 4th quarter valued at approximately $86,000. Bullseye Asset Management LLC raised its position in Fiverr International by 10.5% during the 4th quarter. Bullseye Asset Management LLC now owns 40,621 shares of the company’s stock valued at $1,106,000 after purchasing an additional 3,861 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in 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 purchasing an additional 7,307 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.