BTIG Research Lowers Fiverr International (NYSE:FVRR) Price Target to $28.00

Fiverr International (NYSE:FVRR) had its target price reduced by equities researchers at BTIG Research from $30.00 to $28.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price target would indicate a potential upside of 42.64% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada dropped their price target on Fiverr International from $30.00 to $26.00 and set a “sector perform” rating on the stock in a research note on Friday, February 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of Fiverr International in a report on Thursday, February 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 target price on shares of Fiverr International in a report on Tuesday, January 30th. JPMorgan Chase & Co. decreased their target price on Fiverr International from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Finally, Citigroup decreased their target price on Fiverr International from $37.00 to $32.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.36.

Fiverr International Price Performance

FVRR opened at $19.63 on Thursday. The business’s 50-day moving average is $22.59 and its two-hundred day moving average is $24.42. Fiverr International has a 1 year low of $18.83 and a 1 year high of $37.18. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.89 and a quick ratio of 2.89. The firm has a market capitalization of $758.70 million, a PE ratio of 218.11 and a beta of 1.71.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. Fiverr International had a return on equity of 3.71% and a net margin of 1.02%. The business had revenue of $91.50 million for the quarter, compared to analyst estimates of $97.00 million. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. The company’s revenue was up 10.1% on a year-over-year basis. Research analysts anticipate that Fiverr International will post 0.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Essex Investment Management Co. LLC acquired a new position in Fiverr International in the third quarter valued at approximately $1,837,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Fiverr International by 144.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 862,955 shares of the company’s stock worth $23,490,000 after buying an additional 510,000 shares during the period. ARK Investment Management LLC raised its stake in shares of Fiverr International by 29.5% during the 3rd quarter. ARK Investment Management LLC now owns 73,485 shares of the company’s stock worth $1,798,000 after buying an additional 16,731 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of Fiverr International during the 3rd quarter worth approximately $3,291,000. Finally, Arkadios Wealth Advisors raised its stake in shares of Fiverr International by 32.8% during the 3rd quarter. Arkadios Wealth Advisors now owns 78,424 shares of the company’s stock worth $1,919,000 after buying an additional 19,349 shares during the period. 59.00% 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 various 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.