Royal Bank of Canada Lowers Fiverr International (NYSE:FVRR) Price Target to $32.00

Fiverr International (NYSE:FVRRGet Rating) had its price target cut by stock analysts at Royal Bank of Canada from $80.00 to $32.00 in a research note issued on Thursday, The Fly reports. Royal Bank of Canada’s price objective suggests a potential downside of 3.73% from the company’s current price.

Several other research firms also recently issued reports on FVRR. Piper Sandler dropped their price target on shares of Fiverr International from $80.00 to $50.00 in a research note on Wednesday. Needham & Company LLC cut their target price on shares of Fiverr International from $100.00 to $40.00 in a research note on Thursday. JMP Securities decreased their target price on Fiverr International from $120.00 to $55.00 in a research report on Thursday. Finally, MKM Partners lowered their price target on shares of Fiverr International from $68.00 to $34.00 in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $86.00.

Fiverr International stock traded up $2.85 during midday trading on Thursday, hitting $33.24. 46,394 shares of the stock were exchanged, compared to its average volume of 1,102,160. Fiverr International has a 1 year low of $29.04 and a 1 year high of $262.90. The firm has a market cap of $1.22 billion, a P/E ratio of -18.67 and a beta of 2.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.48 and a quick ratio of 2.48. The company has a 50 day moving average price of $64.17 and a two-hundred day moving average price of $98.33.

Fiverr International (NYSE:FVRRGet Rating) last released 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 quarter in the prior year, the business posted ($0.29) EPS. As a group, analysts predict that Fiverr International will post -2.26 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Assetmark Inc. purchased a new stake in shares of Fiverr International during the third quarter worth $34,000. Cullen Frost Bankers Inc. raised its holdings in shares of Fiverr International by 111.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 338 shares of the company’s stock worth $38,000 after acquiring an additional 178 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Fiverr International by 828.6% during the third quarter. First Horizon Advisors Inc. now owns 1,885 shares of the company’s stock valued at $58,000 after buying an additional 1,682 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in Fiverr International during the fourth quarter valued at about $68,000. Finally, Captrust Financial Advisors raised its holdings in Fiverr International by 105.3% during the third quarter. Captrust Financial Advisors now owns 390 shares of the company’s stock valued at $71,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds 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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