Fiverr International (NYSE:FVRR) PT Lowered to $68.00

Fiverr International (NYSE:FVRRGet Rating) had its price target decreased by MKM Partners from $90.00 to $68.00 in a research note issued on Monday, The Fly reports. The brokerage presently has a “neutral” rating on the stock. MKM Partners’ target price indicates a potential upside of 24.16% from the stock’s current price.

A number of other equities research analysts also recently weighed in on FVRR. Piper Sandler dropped their target price on Fiverr International from $100.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday. Needham & Company LLC dropped their target price on Fiverr International from $205.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, February 18th. JMP Securities dropped their target price on Fiverr International from $150.00 to $120.00 in a research report on Friday, February 18th. Zacks Investment Research upgraded Fiverr International from a “sell” rating to a “hold” rating in a research report on Tuesday, January 11th. Finally, Royal Bank of Canada dropped their target price on Fiverr International from $195.00 to $80.00 and set a “sector perform” rating for the company in a research report on Friday, February 18th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Fiverr International presently has a consensus rating of “Buy” and an average price target of $155.44.

Shares of FVRR opened at $54.77 on Monday. The stock has a fifty day moving average price of $70.56 and a two-hundred day moving average price of $109.46. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.48 and a current ratio of 2.48. Fiverr International has a 52-week low of $53.57 and a 52-week high of $262.90. The company has a market cap of $2.01 billion, a price-to-earnings ratio of -30.77 and a beta of 1.83.

Fiverr International (NYSE:FVRRGet Rating) last issued its quarterly earnings data on Thursday, February 17th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by ($0.08). Fiverr International had a negative net margin of 21.84% and a negative return on equity of 14.47%. The business had revenue of $79.80 million during the quarter, compared to the consensus estimate of $76.82 million. During the same quarter in the previous year, the firm posted ($0.04) EPS. The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. As a group, research analysts predict that Fiverr International will post -2.26 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Deer Management Co. LLC acquired a new stake in shares of Fiverr International in the 4th quarter valued at $164,413,000. Millennium Management LLC boosted its holdings in shares of Fiverr International by 653.5% in the 3rd quarter. Millennium Management LLC now owns 269,159 shares of the company’s stock valued at $49,170,000 after purchasing an additional 233,439 shares in the last quarter. Riverbridge Partners LLC boosted its holdings in shares of Fiverr International by 38.9% in the 4th quarter. Riverbridge Partners LLC now owns 756,719 shares of the company’s stock valued at $86,039,000 after purchasing an additional 212,015 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Fiverr International by 846.6% in the 4th quarter. Geode Capital Management LLC now owns 157,068 shares of the company’s stock valued at $17,799,000 after purchasing an additional 140,475 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Fiverr International by 258.3% in the 4th quarter. Parametric Portfolio Associates LLC now owns 50,147 shares of the company’s stock valued at $5,702,000 after purchasing an additional 36,153 shares in the last quarter. 57.80% of the stock is currently owned by institutional investors and hedge funds.

About Fiverr International (Get Rating)

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 approximately 550 categories in nine verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, data, and lifestyle.

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