Citigroup Forecasts Strong Price Appreciation for Fiverr International (NYSE:FVRR) Stock

Fiverr International (NYSE:FVRR) had its price objective boosted by Citigroup from $36.00 to $39.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Roth Mkm reissued a “buy” rating and issued a $32.00 price target (up previously from $30.00) on shares of Fiverr International in a report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and set a $36.00 price target on shares of Fiverr International in a report on Wednesday. The Goldman Sachs Group dropped their price objective on Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, JMP Securities boosted their target price on Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.60.

Fiverr International Trading Up 3.2 %

NYSE FVRR opened at $30.19 on Thursday. The firm has a market cap of $1.17 billion, a PE ratio of 116.12 and a beta of 1.68. Fiverr International has a 1-year low of $18.83 and a 1-year high of $32.68. The stock has a 50-day moving average of $24.62 and a 200-day moving average of $23.75. The company has a current ratio of 2.99, a quick ratio of 3.17 and a debt-to-equity ratio of 1.47.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. The firm had revenue of $99.63 million during the quarter, compared to the consensus estimate of $96.37 million. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. As a group, sell-side analysts forecast that Fiverr International will post 0.57 EPS for the current year.

Institutional Investors Weigh In On Fiverr International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its position in Fiverr International by 21.5% in the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock worth $870,000 after purchasing an additional 7,307 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Fiverr International by 9.5% in the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after buying an additional 3,095 shares during the last quarter. Swedbank AB purchased a new stake in Fiverr International during the first quarter valued at approximately $400,000. ARK Investment Management LLC increased its holdings in Fiverr International by 27.1% during the second 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, Van ECK Associates Corp raised its position in Fiverr International by 18.4% in the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after acquiring an additional 2,208 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.