Fiverr International (NYSE:FVRR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “Fiverr International Ltd. provides an online marketplace for selling goods and services. The Company provides logo, poster and brochure designing, as well as photoshop editing, content marketing, web analytics and translation services. Fiverr International Ltd. is based in NEW YORK. “

Other equities research analysts have also recently issued reports about the company. Cantor Fitzgerald assumed coverage on Fiverr International in a research report on Wednesday, December 11th. They set a “neutral” rating and a $22.00 price target on the stock. UBS Group decreased their price target on Fiverr International from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Bank of America upgraded shares of Fiverr International from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Thursday, November 14th. Finally, Citigroup decreased their price objective on shares of Fiverr International from $31.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $27.67.

NYSE FVRR traded down $0.37 during trading on Tuesday, hitting $25.50. 73,473 shares of the company’s stock traded hands, compared to its average volume of 249,811. Fiverr International has a 12-month low of $17.11 and a 12-month high of $44.25. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.04. The business’s 50 day simple moving average is $23.17.

Fiverr International (NYSE:FVRR) last released its quarterly earnings data on Wednesday, November 13th. The company reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.25. Fiverr International had a negative net margin of 32.55% and a negative return on equity of 26.60%. The business had revenue of $27.90 million for the quarter, compared to the consensus estimate of $26.12 million. Fiverr International’s revenue for the quarter was up 41.6% on a year-over-year basis. As a group, equities research analysts anticipate that Fiverr International will post -1.62 EPS for the current year.

A hedge fund recently bought a new stake in Fiverr International stock. Marshall Wace North America L.P. purchased a new position in Fiverr International Ltd. (NYSE:FVRR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 22,500 shares of the company’s stock, valued at approximately $668,000. Marshall Wace North America L.P. owned 0.07% of Fiverr International as of its most recent SEC filing. 34.05% of the stock is currently owned by hedge funds and other 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 approximately 200 categories in 8 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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