Brokerages Set Fiverr International Ltd. (NYSE:FVRR) Target Price at $33.09

Shares of Fiverr International Ltd. (NYSE:FVRR) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $32.82.

A number of equities research analysts have recently weighed in on FVRR shares. BTIG Research lowered their price objective on shares of Fiverr International from $30.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Roth Mkm restated a “buy” rating and issued a $32.00 price objective (up from $30.00) on shares of Fiverr International in a report on Thursday. Needham & Company LLC restated a “buy” rating and issued a $36.00 price objective on shares of Fiverr International in a report on Wednesday. UBS Group lowered shares of Fiverr International from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $37.00 to $25.00 in a report on Tuesday, July 2nd. Finally, The Goldman Sachs Group lowered their price objective on shares of Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a report on Thursday.

Fiverr International Trading Up 2.3 %

Shares of Fiverr International stock opened at $23.82 on Friday. Fiverr International has a 1 year low of $18.83 and a 1 year high of $34.49. The firm has a market cap of $920.55 million, a PE ratio of 108.25 and a beta of 1.71. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.08 and a quick ratio of 3.08. The company has a 50 day simple moving average of $23.45 and a two-hundred day simple moving average of $23.48.

Fiverr International (NYSE:FVRR) last announced its earnings results on Thursday, May 9th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.05). Fiverr International had a net margin of 3.17% and a return on equity of 5.56%. The company had revenue of $93.52 million for the quarter, compared to the consensus estimate of $92.45 million. Analysts expect that Fiverr International will post 0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Arkadios Wealth Advisors increased its position in Fiverr International by 16.7% during the 4th quarter. Arkadios Wealth Advisors now owns 91,492 shares of the company’s stock valued at $2,490,000 after purchasing an additional 13,068 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in Fiverr International by 144.5% during the 4th 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. Van ECK Associates Corp increased its position in Fiverr International by 9.5% during the 4th quarter. Van ECK Associates Corp now owns 11,439 shares of the company’s stock valued at $311,000 after purchasing an additional 990 shares during the period. Essex Investment Management Co. LLC increased its position in Fiverr International by 12.9% during the 4th quarter. Essex Investment Management Co. LLC now owns 84,770 shares of the company’s stock valued at $2,307,000 after purchasing an additional 9,694 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in Fiverr International during the 4th quarter valued at $924,000. 59.00% of the stock is owned by hedge funds and other institutional investors.

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.