Fiverr International’s (NYSE:FVRR) quiet period will expire on Tuesday, July 23rd. Fiverr International had issued 5,263,158 shares in its IPO on June 13th. The total size of the offering was $110,526,318 based on an initial share price of $21.00. During Fiverr International’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
A number of equities research analysts recently commented on FVRR shares. JPMorgan Chase & Co. upgraded shares of M.D.C. from an “underweight” rating to a “neutral” rating in a research report on Monday, July 8th. UBS Group increased their target price on shares of T. Rowe Price Group from $109.00 to $111.00 and gave the company a “neutral” rating in a report on Monday, July 8th. Oppenheimer set a $176.00 target price on shares of Jazz Pharmaceuticals and gave the company a “buy” rating in a report on Monday, July 8th. CIBC initiated coverage on shares of Fiverr International in a report on Monday, July 8th. They issued an “outperform” rating for the company. Finally, Needham & Company LLC initiated coverage on shares of Fiverr International in a report on Monday, July 8th. They issued a “buy” rating and a $31.00 target price for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Fiverr International presently has an average rating of “Buy” and an average target price of $31.00.
Shares of Fiverr International stock opened at $24.88 on Monday. Fiverr International has a 12-month low of $22.14 and a 12-month high of $44.25.
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 approximately 200 categories in 8 verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, and lifestyle.
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