Fiverr International Ltd. (NYSE:FVRR) Receives Average Recommendation of “Moderate Buy” from Analysts

Fiverr International Ltd. (NYSE:FVRR) has been given an average recommendation of “Moderate Buy” by the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $34.22.

Several analysts recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $35.00 target price on shares of Fiverr International in a report on Thursday, February 20th. Citizens Jmp cut Fiverr International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 20th. JMP Securities downgraded Fiverr International from an “outperform” rating to a “market perform” rating in a report on Thursday, February 20th. Scotiabank began coverage on Fiverr International in a report on Wednesday, March 12th. They set a “sector outperform” rating and a $31.00 target price for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $36.00 price target on shares of Fiverr International in a research note on Wednesday, February 19th.

Institutional Trading of Fiverr International

A number of large investors have recently made changes to their positions in the company. Huntington National Bank lifted its stake in Fiverr International by 38.3% in the fourth quarter. Huntington National Bank now owns 1,465 shares of the company’s stock worth $46,000 after acquiring an additional 406 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Fiverr International by 134.9% in the 4th quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company’s stock valued at $33,000 after purchasing an additional 592 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Fiverr International by 5.9% during the 4th quarter. New York State Common Retirement Fund now owns 24,824 shares of the company’s stock worth $788,000 after purchasing an additional 1,382 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Fiverr International during the 4th quarter worth $57,000. Finally, Geode Capital Management LLC grew its stake in shares of Fiverr International by 12.6% during the third quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock worth $685,000 after purchasing an additional 2,961 shares in the last quarter. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

Fiverr International Trading Up 2.3 %

Shares of FVRR stock opened at $24.52 on Thursday. The company has a 50-day moving average of $28.01 and a two-hundred day moving average of $28.88. The firm has a market cap of $878.89 million, a PE ratio of 52.17 and a beta of 1.93. Fiverr International has a 1-year low of $18.83 and a 1-year high of $36.11. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 2.99.

Fiverr International declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 10.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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.