Analysts Set Fiverr International Ltd. (NYSE:FVRR) PT at $34.63

Fiverr International Ltd. (NYSE:FVRR - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $34.22.

Several equities analysts have recently issued reports on FVRR shares. Scotiabank assumed coverage on shares of Fiverr International in a report on Wednesday. They set a "sector outperform" rating and a $31.00 price objective on the stock. UBS Group upped their price target on shares of Fiverr International from $31.00 to $32.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Royal Bank of Canada reiterated a "sector perform" rating and set a $35.00 price objective on shares of Fiverr International in a research note on Thursday, February 20th. JMP Securities downgraded Fiverr International from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $36.00 price target on shares of Fiverr International in a research report on Wednesday, February 19th.

Institutional Trading of Fiverr International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Huntington National Bank lifted its holdings in Fiverr International by 38.3% in the fourth quarter. Huntington National Bank now owns 1,465 shares of the company's stock valued at $46,000 after acquiring an additional 406 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Fiverr International by 134.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company's stock valued at $33,000 after purchasing an additional 592 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Fiverr International by 5.9% in the 4th quarter. New York State Common Retirement Fund now owns 24,824 shares of the company's stock valued at $788,000 after purchasing an additional 1,382 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Fiverr International during the fourth quarter worth $57,000. Finally, Geode Capital Management LLC grew its position in Fiverr International by 12.6% during the third quarter. Geode Capital Management LLC now owns 26,472 shares of the company's stock valued at $685,000 after buying an additional 2,961 shares during the period. 59.00% of the stock is owned by institutional investors and hedge funds.

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Fiverr International Stock Up 0.3 %

NYSE:FVRR traded up $0.09 during mid-day trading on Friday, hitting $26.48. 370,834 shares of the company's stock traded hands, compared to its average volume of 780,280. The company has a fifty day moving average of $30.35 and a 200 day moving average of $28.84. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.99 and a current ratio of 1.10. Fiverr International has a twelve month low of $18.83 and a twelve month high of $36.11. The company has a market capitalization of $949.15 million, a P/E ratio of 56.38 and a beta of 1.93.

Fiverr International declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 10.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

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.