Fiverr International (NYSE:FVRR) Stock Gets Price Target Trim from Citigroup

Fiverr International (NYSE:FVRR) had its price objective cut by Citigroup from $11.50 to $10.00 in a report published on Monday,Benzinga reports. They currently have a neutral rating on the stock.

FVRR has been the topic of a number of other research reports. Oppenheimer cut Fiverr International from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 30th. Wall Street Zen downgraded Fiverr International from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Fiverr International in a research note on Friday, October 30th. JPMorgan Chase & Co. decreased their target price on Fiverr International from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Finally, Royal Bank Of Canada lowered their target price on Fiverr International from $16.00 to $9.00 and set a “sector perform” rating for the company in a research note on Thursday, July 30th. Eleven analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Fiverr International currently has a consensus rating of “Reduce” and an average price target of $11.06.

Fiverr International Price Performance

Shares of NYSE FVRR opened at $8.73 on Monday. The stock’s fifty day moving average price is $8.75 and its two-hundred day moving average price is $10.60. Fiverr International has a one year low of $8.01 and a one year high of $22.84. The firm has a market cap of $314.02 million, a price-to-earnings ratio of 5.29 and a beta of 1.56.

Fiverr International (NYSE:FVRR) last posted its earnings results on Thursday, October 29th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.14. Fiverr International had a return on equity of 13.54% and a net margin of 6.42%. The company had revenue of $90.90 million during the quarter, compared to the consensus estimate of $83.78 million. During the same quarter last year, the firm earned $0.15 earnings per share. The company’s revenue was down 15.8% on a year-over-year basis. On average, equities analysts anticipate that Fiverr International will post 0.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

Large investors have recently bought and sold shares of the company. Sparta 24 Ltd. bought a new position in shares of Fiverr International during the first quarter worth about $9,410,000. Engine Capital Management LP lifted its stake in shares of Fiverr International by 78.4% in the first quarter. Engine Capital Management LP now owns 1,338,644 shares of the company’s stock worth $13,413,000 after acquiring an additional 588,220 shares during the period. Wellington Management Group LLP boosted its holdings in Fiverr International by 16.5% in the second quarter. Wellington Management Group LLP now owns 1,269,405 shares of the company’s stock valued at $13,100,000 after acquiring an additional 179,418 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Fiverr International by 26.0% in the first quarter. Renaissance Technologies LLC now owns 731,659 shares of the company’s stock valued at $7,331,000 after acquiring an additional 151,200 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in Fiverr International by 235.2% in the second quarter. Tidal Investments LLC now owns 100,794 shares of the company’s stock valued at $1,040,000 after acquiring an additional 70,727 shares during the last quarter. 59.00% of the stock is currently owned by institutional investors.

About Fiverr International

Fiverr International Ltd. operates an online marketplace that connects businesses and individual customers with freelancers offering digital services. The platform covers categories such as graphic design, digital marketing, writing and translation, video and animation, programming and technology, music and audio, business services, and consulting.

Fiverr’s marketplace is designed to support transactions between buyers and sellers, including service discovery, communication, payments, and delivery.