Analysts Set Fiverr International Ltd. (NYSE:FVRR) PT at $31.60

Fiverr International Ltd. (NYSE:FVRR - Get Free Report) has earned an average rating of "Moderate Buy" from the ten research firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $31.60.

A number of research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $36.00 price target on shares of Fiverr International in a research report on Wednesday, October 30th. The Goldman Sachs Group lowered their price target on Fiverr International from $44.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, August 1st. BTIG Research cut Fiverr International from a "buy" rating to a "neutral" rating in a research note on Monday. JMP Securities increased their target price on Fiverr International from $32.00 to $36.00 and gave the company a "market outperform" rating in a research note on Thursday. Finally, Citigroup boosted their price target on Fiverr International from $36.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its stake in shares of Fiverr International by 21.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company's stock valued at $870,000 after purchasing an additional 7,307 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Fiverr International by 9.5% during the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company's stock worth $749,000 after buying an additional 3,095 shares during the last quarter. Swedbank AB acquired a new position in shares of Fiverr International in the 1st quarter worth approximately $400,000. ARK Investment Management LLC increased its holdings in shares of Fiverr International by 27.1% in the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company's stock valued at $2,568,000 after acquiring an additional 23,335 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Fiverr International by 18.4% during the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company's stock valued at $332,000 after acquiring an additional 2,208 shares in the last quarter. 59.00% of the stock is currently owned by institutional investors.

Fiverr International Trading Down 6.7 %

Shares of NYSE FVRR traded down $2.03 during trading on Monday, hitting $28.16. 850,297 shares of the company traded hands, compared to its average volume of 851,994. The firm has a market capitalization of $1.09 billion, a P/E ratio of 108.31 and a beta of 1.68. The company has a quick ratio of 3.17, a current ratio of 2.99 and a debt-to-equity ratio of 1.47. The company has a 50-day moving average price of $24.64 and a 200-day moving average price of $23.83. Fiverr International has a 1 year low of $18.83 and a 1 year high of $32.68.

Fiverr International (NYSE:FVRR - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.09. The firm had revenue of $99.63 million during the quarter, compared to the consensus estimate of $96.37 million. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. On average, equities analysts predict that Fiverr International will post 0.57 EPS for the current year.

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.