Fiverr International (NYSE:FVRR) Receives $36.00 Consensus Price Target from Analysts

Fiverr International (NYSE:FVRR) has earned an average rating of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $36.00.

FVRR has been the subject of a number of research analyst reports. Scotiabank increased their price target on shares of Fiverr International from $31.00 to $34.00 and gave the company a “sector outperform” rating in a report on Thursday, May 8th. Wall Street Zen upgraded shares of Fiverr International from a “buy” rating to a “strong-buy” rating in a report on Saturday. The Goldman Sachs Group increased their price target on shares of Fiverr International from $41.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Citigroup increased their price target on shares of Fiverr International from $39.00 to $40.00 and gave the company a “buy” rating in a report on Friday, May 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price target on shares of Fiverr International in a report on Thursday, May 8th.

Institutional Investors Weigh In On Fiverr International

Hedge funds and other institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in shares of Fiverr International by 134.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company’s stock worth $33,000 after buying an additional 592 shares in the last quarter. Huntington National Bank grew its holdings in shares of Fiverr International by 38.3% during the fourth quarter. Huntington National Bank now owns 1,465 shares of the company’s stock worth $46,000 after buying an additional 406 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Fiverr International in the fourth quarter valued at approximately $57,000. KLP Kapitalforvaltning AS purchased a new stake in Fiverr International in the fourth quarter valued at approximately $187,000. Finally, Quantbot Technologies LP grew its holdings in Fiverr International by 5,825.9% in the first quarter. Quantbot Technologies LP now owns 11,911 shares of the company’s stock valued at $282,000 after purchasing an additional 11,710 shares during the period. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

Fiverr International Stock Down 1.9%

FVRR stock opened at $29.07 on Tuesday. Fiverr International has a one year low of $20.78 and a one year high of $36.11. The stock has a market capitalization of $1.04 billion, a PE ratio of 61.86 and a beta of 1.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.20. The company has a fifty day moving average of $29.62 and a 200-day moving average of $29.54.

Fiverr International announced that its Board of Directors has initiated a stock buyback plan on Tuesday, March 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.