Fiverr International Ltd. (NYSE:FVRR) Receives $32.30 Consensus Price Target from Analysts

Shares of Fiverr International Ltd. (NYSE:FVRR - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $32.30.

Several equities analysts recently issued reports on the company. UBS Group upped their target price on Fiverr International from $31.00 to $32.00 and gave the company a "neutral" rating in a research report on Tuesday, December 3rd. Needham & Company LLC reiterated a "buy" rating and issued a $36.00 target price on shares of Fiverr International in a research report on Wednesday, October 30th. BTIG Research lowered shares of Fiverr International from a "buy" rating to a "neutral" rating in a research report on Monday, November 4th. JMP Securities reiterated a "market outperform" rating and issued a $36.00 price objective on shares of Fiverr International in a research note on Thursday, January 30th. Finally, Citigroup boosted their target price on shares of Fiverr International from $36.00 to $39.00 and gave the company a "buy" rating in a research report on Thursday, October 31st.

Fiverr International Stock Performance

Shares of Fiverr International stock traded up $0.43 during midday trading on Wednesday, hitting $33.27. The company had a trading volume of 604,537 shares, compared to its average volume of 595,391. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 127.98 and a beta of 1.69. Fiverr International has a 12-month low of $18.83 and a 12-month high of $36.11. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 1.47. The company has a fifty day simple moving average of $32.44 and a 200 day simple moving average of $28.46.

Institutional Investors Weigh In On Fiverr International

Several large investors have recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in shares of Fiverr International by 134.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company's stock worth $33,000 after acquiring an additional 592 shares during the last quarter. Huntington National Bank lifted its holdings in Fiverr International by 35,200.0% in the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company's stock valued at $27,000 after purchasing an additional 1,056 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Fiverr International during the 4th quarter worth $57,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Fiverr International during the fourth quarter worth $187,000. Finally, New York State Common Retirement Fund raised its position in shares of Fiverr International by 5.9% in the fourth quarter. New York State Common Retirement Fund now owns 24,824 shares of the company's stock valued at $788,000 after buying an additional 1,382 shares during the last quarter. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

About Fiverr International

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.