Needham & Company LLC Reiterates Buy Rating for Fiverr International (NYSE:FVRR)

Fiverr International (NYSE:FVRR - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Needham & Company LLC in a research report issued on Wednesday,Benzinga reports. They presently have a $36.00 price target on the stock. Needham & Company LLC's price objective would indicate a potential upside of 40.05% from the company's current price.

A number of other equities analysts have also recently commented on FVRR. BTIG Research cut shares of Fiverr International from a "buy" rating to a "neutral" rating in a research report on Monday, November 4th. UBS Group lifted their target price on Fiverr International from $31.00 to $32.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Citigroup lifted their target price on Fiverr International from $36.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, JMP Securities reissued a "market outperform" rating and set a $36.00 target price on shares of Fiverr International in a report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $33.20.

Fiverr International Stock Performance

FVRR stock traded down $2.15 during midday trading on Wednesday, reaching $25.71. 1,607,546 shares of the company were exchanged, compared to its average volume of 825,612. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.99 and a quick ratio of 2.99. The business has a 50-day moving average price of $32.16 and a two-hundred day moving average price of $28.67. Fiverr International has a one year low of $18.83 and a one year high of $36.11. The firm has a market capitalization of $993.50 million, a price-to-earnings ratio of 54.69 and a beta of 1.69.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its stake in Fiverr International by 22.0% in the fourth quarter. Ameriprise Financial Inc. now owns 1,219,806 shares of the company's stock valued at $38,704,000 after purchasing an additional 219,957 shares in the last quarter. Engine Capital Management LP raised its stake in Fiverr International by 2.3% during the fourth quarter. Engine Capital Management LP now owns 1,204,316 shares of the company's stock worth $38,213,000 after acquiring an additional 27,003 shares in the last quarter. Millennium Management LLC raised its stake in Fiverr International by 169.9% during the fourth quarter. Millennium Management LLC now owns 305,886 shares of the company's stock worth $9,706,000 after acquiring an additional 192,534 shares in the last quarter. Pier Capital LLC acquired a new position in Fiverr International during the fourth quarter worth about $8,674,000. Finally, Arkadios Wealth Advisors raised its stake in Fiverr International by 22.0% during the fourth quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company's stock worth $4,375,000 after acquiring an additional 24,839 shares in the last quarter. Institutional investors and hedge funds own 59.00% of the company's stock.

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.