Oppenheimer Cuts Fiverr International (NYSE:FVRR) Price Target to $40.00

Fiverr International (NYSE:FVRRGet Rating) had its price objective decreased by Oppenheimer from $50.00 to $40.00 in a report published on Thursday morning, The Fly reports.

Separately, Needham & Company LLC boosted their price objective on Fiverr International from $40.00 to $50.00 in a report on Friday, August 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $52.38.

Fiverr International Stock Performance

NYSE FVRR opened at $38.99 on Thursday. The stock has a market cap of $1.43 billion, a PE ratio of -16.05 and a beta of 1.68. The company has a debt-to-equity ratio of 1.94, a quick ratio of 2.70 and a current ratio of 2.70. The firm has a 50-day moving average of $31.12 and a 200-day moving average of $35.93. Fiverr International has a 52-week low of $26.16 and a 52-week high of $194.48.

Institutional Trading of Fiverr International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors increased its holdings in shares of Fiverr International by 30.6% during the second quarter. Captrust Financial Advisors now owns 1,612 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares during the period. Ensign Peak Advisors Inc acquired a new position in Fiverr International in the 2nd quarter valued at $70,000. Hudock Inc. lifted its position in shares of Fiverr International by 1,856.4% during the 3rd quarter. Hudock Inc. now owns 2,739 shares of the company’s stock valued at $83,000 after acquiring an additional 2,599 shares during the period. Freemont Management S.A. acquired a new stake in shares of Fiverr International during the 1st quarter worth $128,000. Finally, Quantbot Technologies LP grew its holdings in shares of Fiverr International by 26,693.8% during the 3rd quarter. Quantbot Technologies LP now owns 4,287 shares of the company’s stock worth $131,000 after purchasing an additional 4,271 shares in the last quarter. Institutional investors and hedge funds own 53.28% of the company’s stock.

About Fiverr International

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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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