JMP Securities Downgrades Fiverr International (NYSE:FVRR) to Market Perform

JMP Securities lowered shares of Fiverr International (NYSE:FVRR) from an outperform rating to a market perform rating in a research note published on Thursday, MarketBeat.com reports.

A number of other research firms have also weighed in on FVRR. UBS Group boosted their target price on Fiverr International from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Citigroup increased their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 target price on shares of Fiverr International in a report on Wednesday. Finally, BTIG Research lowered shares of Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.11.

Fiverr International Trading Down 7.7 %

Shares of NYSE:FVRR opened at $25.71 on Thursday. Fiverr International has a 52-week low of $18.83 and a 52-week high of $36.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.99 and a current ratio of 1.10. The company has a market capitalization of $921.27 million, a P/E ratio of 54.69 and a beta of 1.69. The company has a 50-day simple moving average of $31.99 and a 200 day simple moving average of $28.71.

Hedge Funds Weigh In On Fiverr International

A number of hedge funds have recently bought and sold shares of FVRR. Public Employees Retirement System of Ohio boosted its holdings in Fiverr International by 60.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 42,336 shares of the company’s stock valued at $1,343,000 after purchasing an additional 15,951 shares during the period. Millennium Management LLC raised its position in shares of Fiverr International by 169.9% in the fourth quarter. Millennium Management LLC now owns 305,886 shares of the company’s stock valued at $9,706,000 after buying an additional 192,534 shares in the last quarter. Engine Capital Management LP boosted its stake in shares of Fiverr International by 2.3% in the fourth quarter. Engine Capital Management LP now owns 1,204,316 shares of the company’s stock valued at $38,213,000 after buying an additional 27,003 shares during the period. Ameriprise Financial Inc. grew its position in Fiverr International by 22.0% during the fourth quarter. Ameriprise Financial Inc. now owns 1,219,806 shares of the company’s stock worth $38,704,000 after buying an additional 219,957 shares in the last quarter. Finally, Jump Financial LLC grew its position in Fiverr International by 594.7% during the fourth quarter. Jump Financial LLC now owns 80,754 shares of the company’s stock worth $2,562,000 after buying an additional 69,129 shares in the last quarter. 59.00% of the stock is owned by institutional investors.

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.