JMP Securities Downgrades Fiverr International (NYSE:FVRR) to Market Perform

Fiverr International (NYSE:FVRR - Get Free Report) was downgraded by analysts at JMP Securities from an "outperform" rating to a "market perform" rating in a report issued on Thursday, MarketBeat reports.

Several other equities analysts also recently weighed in on FVRR. Citigroup raised their price target on Fiverr International from $36.00 to $39.00 and gave the company a "buy" rating in a report on Thursday, October 31st. BTIG Research lowered shares of Fiverr International from a "buy" rating to a "neutral" rating in a research note on Monday, November 4th. Needham & Company LLC reiterated a "buy" rating and issued a $36.00 target price on shares of Fiverr International in a research note on Wednesday. Finally, UBS Group increased their price target on shares of Fiverr International from $31.00 to $32.00 and gave the company a "neutral" rating in a report on Tuesday, December 3rd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $33.20.

Fiverr International Stock Down 7.7 %

Shares of Fiverr International stock traded down $2.15 during midday trading on Thursday, hitting $25.71. The company had a trading volume of 1,626,513 shares, compared to its average volume of 835,905. The company has a 50 day moving average of $32.16 and a 200 day moving average of $28.67. The stock has a market capitalization of $993.50 million, a P/E ratio of 54.69 and a beta of 1.69. Fiverr International has a 52-week low of $18.83 and a 52-week high of $36.11. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.99 and a current ratio of 2.99.

Institutional Investors Weigh In On Fiverr International

Large investors have recently added to or reduced their stakes in the stock. Pier Capital LLC purchased a new position in shares of Fiverr International in the 4th quarter worth $8,674,000. Ameriprise Financial Inc. lifted its holdings in Fiverr International by 22.0% during 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. Millennium Management LLC boosted its position in shares of Fiverr International by 169.9% in the fourth quarter. Millennium Management LLC now owns 305,886 shares of the company's stock worth $9,706,000 after purchasing an additional 192,534 shares during the period. Jump Financial LLC increased its stake in shares of Fiverr International by 594.7% in the fourth quarter. Jump Financial LLC now owns 80,754 shares of the company's stock worth $2,562,000 after purchasing an additional 69,129 shares in the last quarter. Finally, Engine Capital Management LP raised its position in shares of Fiverr International by 2.3% during the 4th quarter. Engine Capital Management LP now owns 1,204,316 shares of the company's stock valued at $38,213,000 after purchasing an additional 27,003 shares during the period. Institutional investors own 59.00% of the company's stock.

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.