Fiverr International (NYSE:FVRR) PT Lowered to $39.00 at The Goldman Sachs Group

Fiverr International (NYSE:FVRR) had its price objective lowered by The Goldman Sachs Group from $44.00 to $39.00 in a research report report published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also weighed in on the company. UBS Group lowered Fiverr International from a buy rating to a neutral rating and lowered their target price for the company from $37.00 to $25.00 in a research note on Tuesday, July 2nd. Needham & Company LLC reaffirmed a buy rating and issued a $36.00 target price on shares of Fiverr International in a research note on Wednesday. Finally, BTIG Research reduced their target price on shares of Fiverr International from $30.00 to $28.00 and set a buy rating on the stock in a research report on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $32.82.

Fiverr International Stock Performance

Shares of NYSE:FVRR opened at $23.81 on Thursday. The stock has a market capitalization of $920.26 million, a price-to-earnings ratio of 108.23 and a beta of 1.71. The business’s fifty day moving average price is $23.45 and its two-hundred day moving average price is $23.47. Fiverr International has a fifty-two week low of $18.83 and a fifty-two week high of $34.49. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.08 and a quick ratio of 3.08.

Fiverr International (NYSE:FVRR) last posted its 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). The firm had revenue of $93.52 million during the quarter, compared to the consensus estimate of $92.45 million. Fiverr International had a net margin of 3.17% and a return on equity of 5.56%. As a group, analysts predict that Fiverr International will post 0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

Several hedge funds and other institutional investors have recently made changes to their positions in FVRR. Engine Capital Management LP acquired a new position in Fiverr International during the fourth quarter worth approximately $19,193,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Fiverr International by 144.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 862,955 shares of the company’s stock worth $23,490,000 after acquiring an additional 510,000 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Fiverr International during the 4th quarter worth approximately $924,000. Arkadios Wealth Advisors raised its stake in Fiverr International by 28.0% in the 1st quarter. Arkadios Wealth Advisors now owns 117,105 shares of the company’s stock valued at $2,467,000 after acquiring an additional 25,613 shares during the period. Finally, ARK Investment Management LLC lifted its holdings in Fiverr International by 27.1% during the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock valued at $2,568,000 after purchasing an additional 23,335 shares during the last quarter. 59.00% of the stock is owned by institutional investors.

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 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.