Fiverr International (NYSE:FVRR) Price Target Raised to $36.00

by · The Cerbat Gem

Fiverr International (NYSE:FVRR – Get Free Report) had its price target boosted by analysts at JMP Securities from $32.00 to $36.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. JMP Securities’ price target points to a potential upside of 22.53% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $36.00 price objective on shares of Fiverr International in a research note on Wednesday. Roth Mkm reaffirmed a “buy” rating and issued a $32.00 target price (up from $30.00) on shares of Fiverr International in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group dropped their target price on shares of Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.90.

Check Out Our Latest Analysis on FVRR

Fiverr International Stock Performance

Shares of NYSE FVRR traded up $0.22 during trading hours on Thursday, hitting $29.38. 1,004,916 shares of the stock were exchanged, compared to its average volume of 849,274. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.17 and a quick ratio of 3.17. The company’s 50 day moving average is $24.49 and its 200 day moving average is $23.62. The firm has a market capitalization of $1.14 billion, a P/E ratio of 132.73 and a beta of 1.71. Fiverr International has a one year low of $18.83 and a one year high of $32.68.

Fiverr International (NYSE:FVRR – Get Free Report) last posted 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. The business had revenue of $99.63 million during the quarter, compared to the consensus estimate of $96.37 million. Fiverr International had a net margin of 3.17% and a return on equity of 5.67%. On average, research analysts expect that Fiverr International will post 0.57 EPS for the current year.

Hedge Funds Weigh In On Fiverr International

Institutional investors and hedge funds have recently modified their holdings of the business. Shaker Investments LLC OH acquired a new stake in Fiverr International during the third quarter worth about $552,000. Engine Capital Management LP raised its holdings in Fiverr International by 2.7% in the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock valued at $19,079,000 after buying an additional 21,144 shares during the last quarter. Van ECK Associates Corp raised its holdings in Fiverr International by 18.4% in the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock valued at $332,000 after buying an additional 2,208 shares during the last quarter. ARK Investment Management LLC raised its holdings in Fiverr International by 27.1% in the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock valued at $2,568,000 after buying an additional 23,335 shares during the last quarter. Finally, Swedbank AB bought a new position in Fiverr International during the 1st quarter worth approximately $400,000. 59.00% of the stock is currently owned by institutional investors and hedge funds.

About Fiverr International

(Get Free Report)

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.

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