JMP Securities Reaffirms Market Outperform Rating for Fiverr International (NYSE:FVRR)

JMP Securities reaffirmed their market outperform rating on shares of Fiverr International (NYSE:FVRR - Free Report) in a research report released on Thursday morning,Benzinga reports. JMP Securities currently has a $36.00 price objective on the stock.

Other analysts have also issued reports about the stock. Citigroup upped their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. 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 report on Tuesday, December 3rd. Needham & Company LLC reiterated a "buy" rating and set a $36.00 price objective on shares of Fiverr International in a research report on Wednesday, October 30th. Finally, BTIG Research lowered Fiverr International from a "buy" rating to a "neutral" rating in a report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.30.

Fiverr International Trading Down 4.0 %

Shares of NYSE FVRR traded down $1.23 during mid-day trading on Thursday, hitting $29.64. 331,085 shares of the company traded hands, compared to its average volume of 758,617. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 1.47. Fiverr International has a 1 year low of $18.83 and a 1 year high of $36.11. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 114.37 and a beta of 1.69. The business has a 50 day moving average of $32.86 and a two-hundred day moving average of $27.91.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Huntington National Bank lifted its holdings in shares of Fiverr International by 35,200.0% during the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company's stock valued at $27,000 after buying an additional 1,056 shares during the last quarter. Shaker Investments LLC OH bought a new position in Fiverr International during the third quarter valued at approximately $552,000. New York State Common Retirement Fund lifted its stake in 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 acquiring an additional 1,382 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Fiverr International in the third quarter worth approximately $683,000. Finally, Geode Capital Management LLC increased its stake in shares of Fiverr International by 12.6% during the 3rd quarter. Geode Capital Management LLC now owns 26,472 shares of the company's stock worth $685,000 after purchasing an additional 2,961 shares during the last quarter. 59.00% of the stock is owned by institutional investors and hedge funds.

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.