Fiverr International (NYSE:FVRR) Stock Price Expected to Rise, JMP Securities Analyst Says

Fiverr International (NYSE:FVRR) had its price target lifted by investment analysts at JMP Securities from $32.00 to $36.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. JMP Securities’ price objective indicates a potential upside of 19.21% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Fiverr International from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Roth Mkm reiterated a “buy” rating and issued a $32.00 price objective (up from $30.00) on shares of Fiverr International in a research note on Thursday, August 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $36.00 target price on shares of Fiverr International in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.60.

Fiverr International Trading Up 3.2 %

NYSE FVRR opened at $30.20 on Thursday. The firm’s 50-day moving average is $24.62 and its two-hundred day moving average is $23.73. The stock has a market capitalization of $1.17 billion, a P/E ratio of 116.15 and a beta of 1.71. Fiverr International has a 12 month low of $18.83 and a 12 month high of $32.68. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.17 and a quick ratio of 3.17.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $99.63 million during the quarter, compared to analysts’ expectations of $96.37 million. Fiverr International had a return on equity of 6.97% and a net margin of 2.67%. On average, sell-side analysts anticipate that Fiverr International will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On Fiverr International

Several institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its holdings in Fiverr International by 18.4% during the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after purchasing an additional 2,208 shares in the last quarter. California State Teachers Retirement System lifted its position in Fiverr International by 9.5% in the first 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. Janney Montgomery Scott LLC boosted its stake in Fiverr International by 21.5% in the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after acquiring an additional 7,307 shares in the last quarter. Swedbank AB purchased a new position in shares of Fiverr International during the first quarter worth about $400,000. Finally, Engine Capital Management LP increased its position in shares of Fiverr International by 2.7% during the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after purchasing an additional 21,144 shares in the last quarter. Hedge funds and other institutional investors own 59.00% of the company’s stock.

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.