Needham & Company LLC reaffirmed their buy rating on shares of Fiverr International (NYSE:FVRR – Free Report) in a research note released on Wednesday, Benzinga reports. Needham & Company LLC currently has a $36.00 target price on the stock.
Other analysts have also recently issued reports about the company. BTIG Research reduced their price target on Fiverr International from $30.00 to $28.00 and set a buy rating for the company in a report on Thursday, April 18th. UBS Group cut Fiverr International from a buy rating to a neutral rating and reduced their price target for the company from $37.00 to $25.00 in a report on Tuesday, July 2nd. Finally, The Goldman Sachs Group raised their price target on Fiverr International from $39.00 to $44.00 and gave the company 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.com, Fiverr International has an average rating of Moderate Buy and an average price target of $32.82.
Check Out Our Latest Stock Analysis on Fiverr International
Fiverr International Trading Up 2.3 %
Fiverr International (NYSE:FVRR – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). Fiverr International had a return on equity of 5.56% and a net margin of 3.17%. The company had revenue of $93.52 million for the quarter, compared to analyst estimates of $92.45 million. On average, research analysts anticipate that Fiverr International will post 0.45 EPS for the current year.
Hedge Funds Weigh In On Fiverr International
Several hedge funds have recently bought and sold shares of FVRR. Engine Capital Management LP purchased a new position in Fiverr International during the fourth quarter worth $19,193,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Fiverr International by 144.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 862,955 shares of the company’s stock valued at $23,490,000 after purchasing an additional 510,000 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Fiverr International in the fourth quarter valued at $924,000. Arkadios Wealth Advisors grew its position in shares of Fiverr International by 28.0% in 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 period. Finally, ARK Investment Management LLC grew its position in shares of Fiverr International by 27.1% in the second quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock valued at $2,568,000 after purchasing an additional 23,335 shares during the period. Hedge funds and other institutional investors own 59.00% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Fiverr International
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
- The 3 Best Fintech Stocks to Buy Now
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- Bank Stocks – Best Bank Stocks to Invest In
- MarketBeat Week in Review – 7/29 – 8/2
Receive News & Ratings for Fiverr International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiverr International and related companies with MarketBeat.com's FREE daily email newsletter.