Brokerages Set Fiverr International Ltd. (NYSE:FVRR) Price Target at $32.30

Fiverr International Ltd. (NYSE:FVRR) has earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $32.30.

A number of equities research analysts have recently weighed in on the company. Citigroup lifted their price target on Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, October 31st. UBS Group lifted their target price on Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Needham & Company LLC reissued a “buy” rating and issued a $36.00 price target on shares of Fiverr International in a research note on Wednesday, October 30th. JMP Securities lifted their price objective on shares of Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Finally, BTIG Research lowered shares of Fiverr International from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th.

Fiverr International Price Performance

Shares of FVRR opened at $31.77 on Tuesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.99 and a quick ratio of 2.99. The company has a market cap of $1.23 billion, a P/E ratio of 122.20 and a beta of 1.69. Fiverr International has a 12 month low of $18.83 and a 12 month high of $36.11. The stock has a fifty day moving average price of $30.65 and a 200 day moving average price of $26.28.

Fiverr International (NYSE:FVRR) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09. The business had revenue of $99.63 million during the quarter, compared to analyst estimates of $96.37 million. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. On average, research analysts forecast that Fiverr International will post 0.51 earnings per share for the current year.

Hedge Funds Weigh In On Fiverr International

Large investors have recently made changes to their positions in the business. Huntington National Bank raised its holdings in shares of Fiverr International by 35,200.0% in the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company’s stock worth $27,000 after purchasing an additional 1,056 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Fiverr International by 18.4% in the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock valued at $332,000 after buying an additional 2,208 shares in the last quarter. Shaker Investments LLC OH acquired a new stake in shares of Fiverr International during the 3rd quarter valued at $552,000. Public Employees Retirement System of Ohio bought a new stake in shares of Fiverr International during the 3rd quarter worth $683,000. Finally, Geode Capital Management LLC grew its holdings in shares of Fiverr International by 12.6% in the 3rd quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock worth $685,000 after acquiring an additional 2,961 shares during the last quarter. 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.