JPMorgan Chase & Co. Lowers Fiverr International (NYSE:FVRR) Price Target to $27.00

Fiverr International (NYSE:FVRR - Free Report) had its target price reduced by JPMorgan Chase & Co. from $33.00 to $27.00 in a report published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

FVRR has been the topic of several other reports. 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, February 19th. JMP Securities downgraded Fiverr International from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 20th. Scotiabank assumed coverage on Fiverr International in a report on Wednesday, March 12th. They issued a "sector outperform" rating and a $31.00 target price on the stock. Citizens Jmp cut shares of Fiverr International from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $35.00 price objective on shares of Fiverr International in a research report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $33.50.

Fiverr International Trading Up 2.4 %

Shares of FVRR traded up $0.59 during midday trading on Tuesday, hitting $25.10. The stock had a trading volume of 540,688 shares, compared to its average volume of 753,093. The business has a 50-day simple moving average of $26.72 and a two-hundred day simple moving average of $28.76. The firm has a market cap of $899.79 million, a P/E ratio of 53.41 and a beta of 1.98. The company has a current ratio of 1.10, a quick ratio of 2.99 and a debt-to-equity ratio of 0.06. Fiverr International has a fifty-two week low of $19.30 and a fifty-two week high of $36.11.

Fiverr International declared that its board has authorized a stock buyback plan on Tuesday, March 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 10.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

Institutional Trading of Fiverr International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. New York State Common Retirement Fund lifted its holdings in 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 worth $788,000 after purchasing an additional 1,382 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in shares of Fiverr International by 22.0% in the fourth quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company's stock worth $4,375,000 after buying an additional 24,839 shares during the last quarter. Pier Capital LLC bought a new stake in shares of Fiverr International during the 4th quarter worth $8,674,000. Public Employees Retirement System of Ohio acquired a new position in Fiverr International in the 3rd quarter valued at $683,000. Finally, Jones Financial Companies Lllp raised its holdings in Fiverr International by 134.9% in the 4th 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 period. Institutional investors and hedge funds 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.