JMP Securities Lowers Fiverr International (NYSE:FVRR) Price Target to $40.00

Fiverr International (NYSE:FVRR) had its price objective lowered by JMP Securities from $50.00 to $40.00 in a report issued on Friday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

A number of other brokerages have also recently commented on FVRR. Roth Mkm raised shares of Fiverr International from a neutral rating to a buy rating and set a $33.00 price objective on the stock in a research note on Tuesday, October 3rd. Oppenheimer lowered their price objective on shares of Fiverr International from $55.00 to $48.00 and set an outperform rating on the stock in a research note on Friday, August 4th. UBS Group began coverage on shares of Fiverr International in a research note on Wednesday, October 4th. They issued a buy rating and a $33.00 price objective on the stock. Needham & Company LLC reaffirmed a buy rating and set a $40.00 price target on shares of Fiverr International in a research note on Thursday, August 3rd. Finally, BTIG Research raised their price target on shares of Fiverr International from $40.00 to $44.00 and gave the stock a buy rating in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $39.10.

Fiverr International Stock Performance

Shares of FVRR opened at $21.85 on Friday. The company has a 50-day simple moving average of $24.66 and a 200-day simple moving average of $27.14. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $825.06 million, a PE ratio of -364.11 and a beta of 1.76. Fiverr International has a 52-week low of $20.04 and a 52-week high of $47.66.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.11. The firm had revenue of $92.50 million for the quarter, compared to analysts’ expectations of $91.16 million. Fiverr International had a negative net margin of 0.66% and a negative return on equity of 0.31%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.31) EPS. Equities research analysts predict that Fiverr International will post 0.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fiverr International

Several hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors boosted its position in shares of Fiverr International by 30.6% in the second quarter. Captrust Financial Advisors now owns 1,612 shares of the company’s stock worth $55,000 after acquiring an additional 378 shares during the last quarter. Geode Capital Management LLC raised its holdings in Fiverr International by 2.2% in the first quarter. Geode Capital Management LLC now owns 24,850 shares of the company’s stock valued at $868,000 after buying an additional 525 shares during the period. Van ECK Associates Corp raised its holdings in Fiverr International by 6.8% in the third quarter. Van ECK Associates Corp now owns 10,449 shares of the company’s stock valued at $256,000 after buying an additional 665 shares during the period. California State Teachers Retirement System raised its holdings in Fiverr International by 3.1% in the third quarter. California State Teachers Retirement System now owns 35,176 shares of the company’s stock valued at $1,076,000 after buying an additional 1,059 shares during the period. Finally, Coppell Advisory Solutions LLC purchased a new position in Fiverr International in the second quarter valued at approximately $44,000. 49.55% of the stock is owned by institutional investors and hedge funds.

Fiverr International Company Profile

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 600 categories in ten verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and tech, business, data, lifestyle, and photography.