Fiverr International (NYSE:FVRR) Given New $28.00 Price Target at BTIG Research

Fiverr International (NYSE:FVRR) had its price objective reduced by stock analysts at BTIG Research from $30.00 to $28.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. BTIG Research’s price target suggests a potential upside of 39.79% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada dropped their price objective on shares of Fiverr International from $30.00 to $26.00 and set a “sector perform” rating for the company in a report on Friday, February 23rd. The Goldman Sachs Group raised shares of Fiverr International from a “neutral” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Friday, January 19th. JMP Securities reissued a “market outperform” rating and set a $40.00 price objective on shares of Fiverr International in a report on Tuesday, January 30th. Piper Sandler downgraded shares of Fiverr International from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $30.00 to $25.00 in a report on Thursday, February 22nd. Finally, Citigroup dropped their price objective on shares of Fiverr International from $37.00 to $32.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.36.

Fiverr International Stock Performance

Shares of NYSE:FVRR traded down $0.08 during midday trading on Thursday, hitting $20.03. The company had a trading volume of 264,441 shares, compared to its average volume of 987,611. The company has a market cap of $774.16 million, a price-to-earnings ratio of 223.00 and a beta of 1.71. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.89 and a quick ratio of 2.89. The company has a fifty day moving average of $22.94 and a two-hundred day moving average of $24.49. Fiverr International has a 12-month low of $18.83 and a 12-month high of $37.18.

Fiverr International (NYSE:FVRR) last issued its earnings results on Thursday, February 22nd. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.04. The company had revenue of $91.50 million during the quarter, compared to the consensus estimate of $97.00 million. Fiverr International had a net margin of 1.02% and a return on equity of 3.71%. Fiverr International’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.19) EPS. On average, equities research analysts expect that Fiverr International will post 0.69 EPS for the current fiscal year.

Institutional Trading of Fiverr International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC purchased a new stake in Fiverr International in the 2nd quarter worth about $44,000. Captrust Financial Advisors raised its position in Fiverr International by 30.6% in the 2nd quarter. Captrust Financial Advisors now owns 1,612 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares during the period. Cary Street Partners Investment Advisory LLC raised its position in Fiverr International by 134.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,517 shares of the company’s stock worth $62,000 after purchasing an additional 1,443 shares during the period. Vima LLC purchased a new stake in Fiverr International in the 4th quarter worth about $86,000. Finally, State of Tennessee Treasury Department purchased a new stake in Fiverr International in the 4th quarter worth about $118,000. 59.00% of the stock is 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 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.