Fiverr International (NYSE:FVRR) Earns Buy Rating from Roth Mkm

Roth Mkm reissued their buy rating on shares of Fiverr International (NYSE:FVRR) in a research report report published on Thursday, Benzinga reports. They currently have a $32.00 price target on the stock, up from their previous price target of $30.00.

Several other research analysts have also recently weighed in on the stock. BTIG Research dropped their price objective on shares of Fiverr International from $30.00 to $28.00 and set a buy rating for the company in a research report on Thursday, April 18th. The Goldman Sachs Group dropped their price objective on shares of Fiverr International from $44.00 to $39.00 and set a buy rating for the company in a research report on Thursday. UBS Group cut shares of Fiverr International from a buy rating to a neutral rating and dropped their price objective for the stock from $37.00 to $25.00 in a research report on Tuesday, July 2nd. Finally, Needham & Company LLC restated a buy rating and issued a $36.00 price objective on shares of Fiverr International in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $32.82.

Fiverr International Stock Performance

NYSE:FVRR opened at $23.81 on Thursday. Fiverr International has a 1 year low of $18.83 and a 1 year high of $34.49. The firm has a 50 day moving average of $23.45 and a 200-day moving average of $23.47. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $920.26 million, a P/E ratio of 108.23 and a beta of 1.71.

Fiverr International (NYSE:FVRR) last posted its earnings results on Thursday, May 9th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). Fiverr International had a net margin of 3.17% and a return on equity of 5.56%. The firm had revenue of $93.52 million during the quarter, compared to the consensus estimate of $92.45 million. As a group, sell-side analysts anticipate that Fiverr International will post 0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

Institutional investors and hedge funds have recently made changes to their positions in the company. Vima LLC acquired a new stake in Fiverr International during the 4th quarter worth approximately $86,000. Van ECK Associates Corp increased its position in shares of Fiverr International by 9.5% during the fourth quarter. Van ECK Associates Corp now owns 11,439 shares of the company’s stock worth $311,000 after acquiring an additional 990 shares in the last quarter. Swedbank AB acquired a new stake in shares of Fiverr International during the first quarter worth $400,000. Janney Montgomery Scott LLC bought a new stake in Fiverr International in the 4th quarter valued at $924,000. Finally, California State Teachers Retirement System boosted its stake in Fiverr International by 9.5% in the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after purchasing an additional 3,095 shares during the period. Institutional investors and hedge funds 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.