Citigroup Issues Positive Forecast for Fiverr International (NYSE:FVRR) Stock Price

Fiverr International (NYSE:FVRR) had its price target increased by Citigroup from $36.00 to $39.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have a buy rating on the stock.

FVRR has been the subject of a number of other research reports. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price target on shares of Fiverr International in a research note on Wednesday, October 30th. Roth Mkm restated a “buy” rating and set a $32.00 target price (up from $30.00) on shares of Fiverr International in a research report on Thursday, August 1st. The Goldman Sachs Group decreased their price objective on Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, JMP Securities boosted their price target on shares of Fiverr International from $32.00 to $36.00 and gave the stock a “market outperform” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.60.

Fiverr International Stock Up 3.2 %

Shares of NYSE:FVRR opened at $30.19 on Thursday. Fiverr International has a 52-week low of $18.83 and a 52-week high of $32.68. The stock has a market cap of $1.17 billion, a P/E ratio of 116.12 and a beta of 1.68. The business has a fifty day moving average of $24.62 and a two-hundred day moving average of $23.77. The company has a quick ratio of 3.17, a current ratio of 2.99 and a debt-to-equity ratio of 1.47.

Fiverr International (NYSE:FVRR) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. The business had revenue of $99.63 million for the quarter, compared to the consensus estimate of $96.37 million. On average, research analysts expect that Fiverr International will post 0.57 earnings per share for the current year.

Institutional Trading of Fiverr International

A number of institutional investors and hedge funds have recently made changes to their positions in FVRR. ARK Investment Management LLC grew its holdings in Fiverr International by 27.1% during the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock valued at $2,568,000 after purchasing an additional 23,335 shares in the last quarter. Shaker Investments LLC OH acquired a new stake in shares of Fiverr International in the 3rd quarter worth about $552,000. Engine Capital Management LP raised its holdings in shares of Fiverr International by 2.7% during the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock valued at $19,079,000 after buying an additional 21,144 shares during the last quarter. Swedbank AB acquired a new position in Fiverr International during the 1st quarter worth $400,000. Finally, Janney Montgomery Scott LLC grew its position in Fiverr International by 21.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after buying an additional 7,307 shares in the last quarter. 59.00% of the stock is currently 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.