Brokerages Set Fiverr International Ltd. (NYSE:FVRR) PT at $32.30

Shares of Fiverr International Ltd. (NYSE:FVRR) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $32.30.

Several research firms recently commented on FVRR. UBS Group upped their price target on shares of Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. BTIG Research cut shares of Fiverr International from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Citigroup upped their target price on shares of Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, October 31st. JMP Securities reaffirmed a “market outperform” rating and set a $36.00 price objective on shares of Fiverr International in a research report on Thursday, January 30th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $36.00 target price on shares of Fiverr International in a report on Wednesday, October 30th.

Hedge Funds Weigh In On Fiverr International

A number of institutional investors and hedge funds have recently made changes to their positions in FVRR. Huntington National Bank raised its holdings in Fiverr International by 35,200.0% during the third quarter. Huntington National Bank now owns 1,059 shares of the company’s stock worth $27,000 after purchasing an additional 1,056 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Fiverr International by 134.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company’s stock valued at $33,000 after buying an additional 592 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Fiverr International during the 4th quarter worth $57,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Fiverr International in the 4th quarter worth about $187,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Fiverr International in the 3rd quarter valued at about $683,000. 59.00% of the stock is owned by institutional investors and hedge funds.

Fiverr International Price Performance

Shares of NYSE FVRR opened at $33.27 on Wednesday. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 1.47. Fiverr International has a twelve month low of $18.83 and a twelve month high of $36.11. The stock has a 50 day moving average of $32.49 and a two-hundred day moving average of $28.39. The stock has a market cap of $1.29 billion, a P/E ratio of 127.98 and a beta of 1.69.

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.