Fiverr International (NYSE:FVRR) Price Target Cut to $28.00 by Analysts at BTIG Research

Fiverr International (NYSE:FVRR) had its price target cut by BTIG Research from $30.00 to $28.00 in a research report report published on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently commented on the company. Royal Bank of Canada decreased their target price on Fiverr International from $30.00 to $26.00 and set a sector perform rating for the company in a research note on Friday, February 23rd. Needham & Company LLC restated a buy rating and set a $40.00 price objective on shares of Fiverr International in a research report on Thursday, February 22nd. JMP Securities reaffirmed a market outperform rating and issued a $40.00 target price on shares of Fiverr International in a research report on Tuesday, January 30th. JPMorgan Chase & Co. reduced their price target on shares of Fiverr International from $35.00 to $30.00 and set a neutral rating for the company in a report on Friday, February 23rd. Finally, Citigroup dropped their price objective on shares of Fiverr International from $37.00 to $32.00 and set a buy rating on the stock in a report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $34.36.

Fiverr International Stock Down 1.4 %

NYSE:FVRR opened at $19.82 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.89 and a current ratio of 2.89. The company has a market capitalization of $766.04 million, a price-to-earnings ratio of 220.22 and a beta of 1.71. Fiverr International has a one year low of $18.83 and a one year high of $37.18. The stock has a 50-day simple moving average of $22.78 and a 200 day simple moving average of $24.45.

Fiverr International (NYSE:FVRR) last released its earnings results on Thursday, February 22nd. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.04. Fiverr International had a net margin of 1.02% and a return on equity of 3.71%. The firm had revenue of $91.50 million during the quarter, compared to analyst estimates of $97.00 million. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Sell-side analysts predict that Fiverr International will post 0.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Coppell Advisory Solutions LLC bought a new stake in shares of Fiverr International during the 2nd quarter worth about $44,000. Captrust Financial Advisors raised its holdings in Fiverr International by 30.6% during the second quarter. Captrust Financial Advisors now owns 1,612 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in Fiverr International by 134.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,517 shares of the company’s stock worth $62,000 after purchasing an additional 1,443 shares during the period. Vima LLC bought a new position in Fiverr International during the 4th quarter valued at $86,000. Finally, State of Tennessee Treasury Department bought a new position in Fiverr International during the 4th quarter valued at $118,000. Institutional investors own 59.00% of the company’s stock.

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.