Fiverr International Ltd. (NYSE:FVRR) Receives $34.22 Consensus Price Target from Analysts

Shares of Fiverr International Ltd. (NYSE:FVRR) have been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $34.22.

Several equities analysts have commented on FVRR shares. Scotiabank assumed coverage on Fiverr International in a report on Wednesday, March 12th. They issued a “sector outperform” rating and a $31.00 price target for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $35.00 price objective on shares of Fiverr International in a research note on Thursday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price objective on shares of Fiverr International in a report on Wednesday, February 19th. JMP Securities downgraded Fiverr International from an “outperform” rating to a “market perform” rating in a report on Thursday, February 20th. Finally, Citizens Jmp cut shares of Fiverr International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 20th.

Institutional Investors Weigh In On Fiverr International

Hedge funds have recently bought and sold shares of the company. Pier Capital LLC acquired a new position in shares of Fiverr International during the 4th quarter worth approximately $8,674,000. Ameriprise Financial Inc. increased its stake in shares of 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 purchasing an additional 219,957 shares during the period. Millennium Management LLC grew its holdings in Fiverr International by 169.9% in the 4th 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. Jump Financial LLC grew its stake in shares of Fiverr International by 594.7% in the fourth quarter. Jump Financial LLC now owns 80,754 shares of the company’s stock valued at $2,562,000 after acquiring an additional 69,129 shares in the last quarter. Finally, Engine Capital Management LP grew its position in shares of Fiverr International by 2.3% during the 4th quarter. Engine Capital Management LP now owns 1,204,316 shares of the company’s stock worth $38,213,000 after purchasing an additional 27,003 shares in the last quarter. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Fiverr International Trading Down 5.9 %

Fiverr International stock opened at $22.06 on Thursday. 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 business’s 50-day simple moving average is $27.66 and its 200-day simple moving average is $28.85. The firm has a market capitalization of $790.72 million, a PE ratio of 46.94 and a beta of 1.97. Fiverr International has a 52 week low of $18.83 and a 52 week high of $36.11.

Fiverr International announced that its Board of Directors has initiated a share buyback plan on Tuesday, March 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 10.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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.