Fiverr International (NYSE:FVRR) Downgraded by BTIG Research to “Neutral”

BTIG Research downgraded shares of Fiverr International (NYSE:FVRR) from a buy rating to a neutral rating in a research report report published on Monday, Marketbeat Ratings reports.

Several other research firms have also recently issued reports on FVRR. JMP Securities lifted their price objective on shares of Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Roth Mkm reissued a “buy” rating and set a $32.00 price objective (up previously from $30.00) on shares of Fiverr International in a report on Thursday, August 1st. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 target price on shares of Fiverr International in a research report on Wednesday, October 30th. The Goldman Sachs Group dropped their price target on Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, Citigroup lifted their price objective on Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.60.

Fiverr International Stock Performance

Shares of NYSE FVRR opened at $29.55 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.99 and a quick ratio of 2.99. Fiverr International has a 1 year low of $18.83 and a 1 year high of $32.68. The firm has a fifty day moving average price of $24.80 and a 200-day moving average price of $23.94. The stock has a market cap of $1.14 billion, a PE ratio of 114.31 and a beta of 1.68.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. The business had revenue of $99.63 million for the quarter, compared to the consensus estimate of $96.37 million. Equities analysts anticipate that Fiverr International will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of Fiverr International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ARK Investment Management LLC raised its holdings in shares of Fiverr International by 27.1% in the second quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock worth $2,568,000 after buying an additional 23,335 shares during the period. Shaker Investments LLC OH purchased a new stake in Fiverr International in the third quarter worth $552,000. Engine Capital Management LP lifted 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 during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Fiverr International by 21.5% during the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after purchasing an additional 7,307 shares during the period. Finally, Swedbank AB bought a new position in shares of Fiverr International in the first quarter worth about $400,000. 59.00% of the stock is owned by hedge funds and other institutional investors.

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.