UBS Group Lowers Fiverr International (NYSE:FVRR) to Neutral

UBS Group lowered shares of Fiverr International (NYSE:FVRR) from a buy rating to a neutral rating in a research note released on Tuesday, MarketBeat Ratings reports. UBS Group currently has $25.00 price target on the stock, down from their prior price target of $37.00.

A number of other equities analysts have also recently issued reports on FVRR. Needham & Company LLC restated a buy rating and issued a $33.00 target price on shares of Fiverr International in a report on Thursday, May 9th. BTIG Research decreased their target price on Fiverr International from $30.00 to $28.00 and set a buy rating on the stock in a report on Thursday, April 18th. Finally, The Goldman Sachs Group lifted their target price on Fiverr International from $39.00 to $44.00 and gave the stock a buy rating in a report on Monday, May 13th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Fiverr International currently has an average rating of Moderate Buy and a consensus price target of $33.09.

Fiverr International Stock Up 8.1 %

Shares of FVRR stock opened at $23.01 on Tuesday. Fiverr International has a 1 year low of $18.83 and a 1 year high of $34.49. The stock has a market cap of $889.34 million, a PE ratio of 104.59 and a beta of 1.71. The business’s fifty day moving average is $23.32 and its 200-day moving average is $24.03. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.08 and a current ratio of 3.08.

Fiverr International (NYSE:FVRR) last issued its earnings results on Thursday, May 9th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The company had revenue of $93.52 million during the quarter, compared to analyst estimates of $92.45 million. Fiverr International had a return on equity of 4.87% and a net margin of 2.38%. Equities analysts expect that Fiverr International will post 0.45 earnings per share for the current fiscal year.

Institutional Trading of Fiverr International

A number of institutional investors have recently bought and sold shares of the company. Swedbank AB acquired a new stake in Fiverr International during the first quarter valued at $400,000. California State Teachers Retirement System boosted its position in Fiverr International by 9.5% during the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock valued at $749,000 after purchasing an additional 3,095 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Fiverr International by 21.5% during the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after purchasing an additional 7,307 shares during the last quarter. Arkadios Wealth Advisors boosted its position in Fiverr International by 28.0% during the first quarter. Arkadios Wealth Advisors now owns 117,105 shares of the company’s stock valued at $2,467,000 after purchasing an additional 25,613 shares during the last quarter. Finally, Vima LLC acquired a new stake in shares of Fiverr International in the fourth quarter worth about $86,000. Institutional investors and hedge funds 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.