Fiverr International (NYSE:FVRR) Price Target Lowered to $40.00 at Needham & Company LLC

Fiverr International (NYSE:FVRRGet Rating) had its price objective lowered by analysts at Needham & Company LLC from $100.00 to $40.00 in a report released on Thursday, The Fly reports. Needham & Company LLC’s price target indicates a potential upside of 31.62% from the company’s current price.

Several other equities analysts have also recently commented on the company. Royal Bank of Canada cut their price target on Fiverr International from $195.00 to $80.00 and set a “sector perform” rating for the company in a report on Friday, February 18th. JMP Securities decreased their price target on shares of Fiverr International from $120.00 to $55.00 in a research note on Thursday. Piper Sandler dropped their price objective on shares of Fiverr International from $80.00 to $50.00 in a research note on Wednesday. Finally, MKM Partners decreased their target price on shares of Fiverr International from $90.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, April 25th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $97.71.

Shares of Fiverr International stock opened at $30.39 on Thursday. Fiverr International has a 1 year low of $29.04 and a 1 year high of $262.90. The company’s fifty day simple moving average is $64.17 and its 200-day simple moving average is $98.33. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -17.07 and a beta of 2.01. 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 (NYSE:FVRRGet Rating) last posted its quarterly earnings results on Wednesday, May 11th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.67) by $0.78. Fiverr International had a negative net margin of 21.84% and a negative return on equity of 14.47%. During the same period last year, the business posted ($0.29) EPS. As a group, research analysts forecast that Fiverr International will post -2.26 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Assetmark Inc. bought a new position in Fiverr International during the 3rd quarter valued at about $34,000. Cullen Frost Bankers Inc. raised its stake in shares of 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 acquiring an additional 178 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Fiverr International by 828.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,885 shares of the company’s stock worth $58,000 after acquiring an additional 1,682 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in Fiverr International during the 4th quarter worth approximately $68,000. Finally, Captrust Financial Advisors increased its holdings in Fiverr International by 105.3% during the 3rd quarter. Captrust Financial Advisors now owns 390 shares of the company’s stock valued at $71,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 57.26% of the company’s stock.

Fiverr International Company Profile (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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