Fiverr International Ltd. (NYSE:FVRR) Receives $34.22 Average Price Target from Brokerages

Shares of Fiverr International Ltd. (NYSE:FVRR - Get Free Report) have received a consensus rating of "Moderate Buy" from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $34.22.

A number of research firms recently weighed in on FVRR. Needham & Company LLC reaffirmed a "buy" rating and set a $36.00 price target on shares of Fiverr International in a research note on Wednesday, February 19th. JMP Securities cut shares of Fiverr International from an "outperform" rating to a "market perform" rating in a report on Thursday, February 20th. Scotiabank assumed coverage on Fiverr International in a research note on Wednesday, March 12th. They issued a "sector outperform" rating and a $31.00 price objective for the company. Royal Bank of Canada restated a "sector perform" rating and set a $35.00 price target on shares of Fiverr International in a research note on Thursday, February 20th. Finally, Citizens Jmp cut Fiverr International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 20th.

Institutional Trading of Fiverr International

A number of large investors have recently modified their holdings of FVRR. New York State Common Retirement Fund raised its position in shares of Fiverr International by 5.9% during the 4th 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 in the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Fiverr International by 22.0% during the 4th quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company's stock valued at $4,375,000 after purchasing an additional 24,839 shares in the last quarter. Pier Capital LLC bought a new stake in shares of Fiverr International during the fourth quarter valued at approximately $8,674,000. Public Employees Retirement System of Ohio purchased a new stake in Fiverr International in the third quarter worth about $683,000. Finally, Jones Financial Companies Lllp grew 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. Institutional investors own 59.00% of the company's stock.

Fiverr International Trading Up 5.6 %

Shares of FVRR stock traded up $1.25 during trading hours on Thursday, hitting $23.45. 1,243,585 shares of the company were exchanged, compared to its average volume of 768,801. Fiverr International has a fifty-two week low of $18.83 and a fifty-two week high of $36.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.99 and a current ratio of 1.10. The firm has a market cap of $840.61 million, a P/E ratio of 49.90 and a beta of 1.98. The company has a 50 day simple moving average of $27.52 and a two-hundred day simple moving average of $28.86.

Fiverr International declared that its Board of Directors has authorized a share repurchase program on Tuesday, March 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 10.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

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.