BTIG Research Trims Fiverr International (NYSE:FVRR) Target Price to $28.00

Fiverr International (NYSE:FVRR) had its price target reduced by BTIG Research from $30.00 to $28.00 in a report released on Thursday, Benzinga reports. BTIG Research currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on FVRR. The Goldman Sachs Group raised Fiverr International from a neutral rating to a buy rating and set a $43.00 target price for the company in a report on Friday, January 19th. Needham & Company LLC reiterated a buy rating and issued a $40.00 price target on shares of Fiverr International in a research report on Thursday, February 22nd. Citigroup cut their price objective on Fiverr International from $37.00 to $32.00 and set a buy rating for the company in a report on Friday, February 23rd. JMP Securities reaffirmed a market outperform rating and issued a $40.00 target price on shares of Fiverr International in a report on Tuesday, January 30th. Finally, Piper Sandler downgraded shares of Fiverr International from an overweight rating to a neutral rating and cut their price target for the company from $30.00 to $25.00 in a report on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $34.36.

Fiverr International Stock Down 1.4 %

FVRR opened at $19.82 on Thursday. Fiverr International has a fifty-two week low of $18.83 and a fifty-two week high of $37.18. The company has a market capitalization of $766.04 million, a P/E ratio of 220.22 and a beta of 1.71. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.89 and a quick ratio of 2.89. The firm’s fifty day moving average price is $22.78 and its two-hundred day moving average price is $24.45.

Fiverr International (NYSE:FVRR) last issued its earnings results on Thursday, February 22nd. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.04. Fiverr International had a net margin of 1.02% and a return on equity of 3.71%. The business had revenue of $91.50 million for the quarter, compared to analyst estimates of $97.00 million. During the same period in the previous year, the business earned ($0.19) EPS. The firm’s revenue was up 10.1% on a year-over-year basis. On average, analysts anticipate that Fiverr International will post 0.69 EPS for the current year.

Institutional Investors Weigh In On Fiverr International

A number of hedge funds have recently added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its position in shares of Fiverr International by 30.6% during the second quarter. Captrust Financial Advisors now owns 1,612 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Fiverr International by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 24,850 shares of the company’s stock worth $868,000 after buying an additional 525 shares in the last quarter. Van ECK Associates Corp boosted its position in Fiverr International by 6.8% in the 3rd quarter. Van ECK Associates Corp now owns 10,449 shares of the company’s stock valued at $256,000 after buying an additional 665 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Fiverr International by 3.1% in the 3rd quarter. California State Teachers Retirement System now owns 35,176 shares of the company’s stock valued at $1,076,000 after buying an additional 1,059 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its position in shares of Fiverr International by 134.4% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,517 shares of the company’s stock worth $62,000 after acquiring an additional 1,443 shares during the last quarter. 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.