Analysts Set Fiverr International (NYSE:FVRR) Target Price at $16.25

Fiverr International (NYSE:FVRR) has been given a consensus recommendation of “Reduce” by the twelve ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and eleven have given a hold recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.25.

A number of brokerages recently commented on FVRR. Royal Bank Of Canada dropped their price target on Fiverr International from $16.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, July 30th. Scotiabank lowered Fiverr International from a “sector outperform” rating to a “sector perform” rating and set a $10.00 price objective for the company. in a research note on Thursday, July 30th. Citigroup decreased their price target on shares of Fiverr International from $15.00 to $11.50 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Wall Street Zen downgraded Fiverr International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Weiss Ratings lowered shares of Fiverr International from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, August 28th.

Fiverr International Trading Up 2.5%

NYSE FVRR opened at $9.26 on Thursday. The company has a fifty day simple moving average of $9.80 and a 200 day simple moving average of $10.32. The company has a market cap of $332.83 million, a P/E ratio of 11.43 and a beta of 1.44. Fiverr International has a 12-month low of $8.60 and a 12-month high of $28.00.

Fiverr International (NYSE:FVRR) last posted its earnings results on Tuesday, June 30th. The company reported $0.50 earnings per share for the quarter. The company had revenue of $97.78 million for the quarter. Fiverr International had a net margin of 7.18% and a return on equity of 16.14%. Sell-side analysts predict that Fiverr International will post 0.93 EPS for the current year.

Institutional Trading of Fiverr International

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Clearstead Trust LLC bought a new stake in Fiverr International during the 4th quarter worth approximately $46,000. Altshuler Shaham Ltd increased its stake in Fiverr International by 400.0% in the 1st quarter. Altshuler Shaham Ltd now owns 5,000 shares of the company’s stock worth $50,000 after acquiring an additional 4,000 shares during the last quarter. Amundi purchased a new stake in shares of Fiverr International during the 1st quarter valued at about $105,000. Maxi Investments CY Ltd purchased a new stake in Fiverr International during the second quarter valued at approximately $111,000. Finally, Independent Financial Group LLC bought a new stake in shares of Fiverr International in the 1st quarter worth about $131,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Fiverr International Company Profile

Fiverr International Ltd. operates a global online marketplace that connects businesses and individuals with freelance professionals. Customers can use the platform to find and purchase digital services across categories such as graphic design, digital marketing, writing and translation, video and animation, programming and technology, business consulting, and music and audio.

The company’s marketplace is designed to support projects of varying sizes, from one-time assignments to ongoing business needs.