Fiverr International (NYSE:FVRR) Price Target Raised to $32.00

Fiverr International (NYSE:FVRR) had its price target lifted by equities researchers at UBS Group from $31.00 to $32.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential downside of 9.77% from the stock’s current price.

Several other equities research analysts also recently issued reports on FVRR. Citigroup boosted their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC reiterated a “buy” rating and set a $36.00 price objective on shares of Fiverr International in a research note on Wednesday, October 30th. BTIG Research downgraded shares of Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Finally, JMP Securities upped their target price on shares of Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Fiverr International has an average rating of “Moderate Buy” and a consensus target price of $32.30.

Fiverr International Stock Performance

Shares of FVRR stock opened at $35.47 on Tuesday. Fiverr International has a one year low of $18.83 and a one year high of $35.98. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.99 and a current ratio of 2.99. The company has a 50 day moving average price of $27.38 and a 200 day moving average price of $25.24. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 136.40 and a beta of 1.69.

Fiverr International (NYSE:FVRR) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. The company had revenue of $99.63 million during the quarter, compared to the consensus estimate of $96.37 million. Sell-side analysts anticipate that Fiverr International will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Huntington National Bank boosted its stake in Fiverr International by 35,200.0% during the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company’s stock valued at $27,000 after acquiring an additional 1,056 shares during the last quarter. Van ECK Associates Corp boosted its stake in Fiverr International by 18.4% during the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock valued at $332,000 after acquiring an additional 2,208 shares during the last quarter. Shaker Investments LLC OH bought a new position in Fiverr International during the 3rd quarter valued at $552,000. Public Employees Retirement System of Ohio bought a new position in Fiverr International during the 3rd quarter valued at $683,000. Finally, Geode Capital Management LLC boosted its stake in Fiverr International by 12.6% during the 3rd quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock valued at $685,000 after acquiring an additional 2,961 shares during the last quarter. 59.00% of the stock is currently owned by 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.