Fiverr International (NYSE:FVRR) PT Lowered to $50.00

Fiverr International (NYSE:FVRRGet Rating) had its target price lowered by equities researchers at Piper Sandler from $80.00 to $50.00 in a research report issued on Wednesday, The Fly reports. Piper Sandler’s price objective would indicate a potential upside of 62.02% from the stock’s previous close.

Several other equities analysts have also issued reports on FVRR. Zacks Investment Research raised Fiverr International from a “sell” rating to a “hold” rating in a report on Tuesday, January 11th. Royal Bank of Canada dropped their price objective on Fiverr International from $195.00 to $80.00 and set a “sector perform” rating on the stock in a report on Friday, February 18th. JMP Securities dropped their price objective on Fiverr International from $150.00 to $120.00 in a report on Friday, February 18th. MKM Partners dropped their price objective on Fiverr International from $90.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, April 25th. Finally, Needham & Company LLC dropped their price objective on Fiverr International from $205.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, February 18th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $115.57.

NYSE:FVRR traded down $10.01 during trading hours on Wednesday, hitting $30.86. The company’s stock had a trading volume of 178,399 shares, compared to its average volume of 1,042,822. The stock has a market capitalization of $1.13 billion, a P/E ratio of -17.13 and a beta of 2.01. The stock has a fifty day moving average of $65.04 and a 200-day moving average of $98.81. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.14. Fiverr International has a 52-week low of $38.87 and a 52-week high of $262.90.

Fiverr International (NYSE:FVRRGet Rating) last posted its earnings results on Thursday, February 17th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.08). The business had revenue of $79.80 million during the quarter, compared to analysts’ expectations of $76.82 million. Fiverr International had a negative net margin of 21.84% and a negative return on equity of 14.47%. The business’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same period last year, the company earned ($0.04) EPS. On average, sell-side analysts forecast that Fiverr International will post -2.26 earnings per share for the current year.

A number of large investors have recently made changes to their positions in FVRR. Assetmark Inc. acquired a new stake in Fiverr International in the third quarter valued at about $34,000. Cullen Frost Bankers Inc. lifted its position in Fiverr International by 111.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 338 shares of the company’s stock valued at $38,000 after purchasing an additional 178 shares during the period. First Horizon Advisors Inc. lifted its position in Fiverr International by 828.6% in the third quarter. First Horizon Advisors Inc. now owns 1,885 shares of the company’s stock valued at $58,000 after purchasing an additional 1,682 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in Fiverr International in the fourth quarter valued at about $68,000. Finally, Captrust Financial Advisors lifted its position in Fiverr International by 105.3% in the third quarter. Captrust Financial Advisors now owns 390 shares of the company’s stock valued at $71,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 57.26% of the company’s stock.

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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