Brokerages Set Fiverr International (NYSE:FVRR) Target Price at $32.60

Shares of Fiverr International (NYSE:FVRR) have received an average rating of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $32.60.

Several equities research analysts have weighed in on the stock. Oppenheimer lowered their target price on shares of Fiverr International from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, September 16th. Needham & Company LLC reiterated a “buy” rating and set a $32.00 price objective on shares of Fiverr International in a report on Tuesday, September 16th. BTIG Research upgraded Fiverr International from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Friday, September 19th. Weiss Ratings initiated coverage on Fiverr International in a research report on Saturday, November 1st. They set a “sell (d+)” rating on the stock. Finally, Zacks Research upgraded Fiverr International from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd.

Institutional Trading of Fiverr International

A number of institutional investors have recently bought and sold shares of FVRR. Tidal Investments LLC raised its holdings in shares of Fiverr International by 2.5% in the second quarter. Tidal Investments LLC now owns 25,420 shares of the company’s stock worth $746,000 after buying an additional 614 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Fiverr International by 4.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,003 shares of the company’s stock valued at $366,000 after acquiring an additional 672 shares during the period. Investment House LLC increased its position in shares of Fiverr International by 0.3% in the 2nd quarter. Investment House LLC now owns 277,390 shares of the company’s stock valued at $8,136,000 after acquiring an additional 910 shares during the period. Strategic Advocates LLC purchased a new position in Fiverr International in the 3rd quarter worth $26,000. Finally, Geode Capital Management LLC lifted its position in Fiverr International by 4.5% during the 2nd quarter. Geode Capital Management LLC now owns 25,817 shares of the company’s stock worth $756,000 after acquiring an additional 1,112 shares during the period. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Fiverr International Price Performance

Shares of FVRR stock opened at $20.97 on Tuesday. The stock’s 50-day moving average is $21.86 and its 200 day moving average is $24.78. Fiverr International has a 1-year low of $19.35 and a 1-year high of $35.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market cap of $751.56 million, a P/E ratio of 35.54 and a beta of 1.28.

Fiverr International (NYSE:FVRR) last announced its earnings results on Wednesday, November 5th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Fiverr International had a net margin of 5.23% and a return on equity of 13.53%. The business had revenue of $107.90 million during the quarter, compared to the consensus estimate of $107.88 million. During the same period in the previous year, the company posted $0.64 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. Research analysts predict that Fiverr International will post 1.04 earnings per share for the current fiscal year.

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.