Fiverr International (NYSE:FVRR) Stock Rating Lowered by BTIG Research

Fiverr International (NYSE:FVRR - Get Free Report) was downgraded by investment analysts at BTIG Research from a "buy" rating to a "neutral" rating in a report released on Monday, MarketBeat Ratings reports.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group decreased their price objective on shares of Fiverr International from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Thursday, August 1st. Needham & Company LLC reaffirmed a "buy" rating and issued a $36.00 price objective on shares of Fiverr International in a research report on Wednesday, October 30th. Citigroup raised their price target on shares of Fiverr International from $36.00 to $39.00 and gave the stock a "buy" rating in a research note on Thursday. Roth Mkm reiterated a "buy" rating and set a $32.00 price objective (up previously from $30.00) on shares of Fiverr International in a report on Thursday, August 1st. Finally, JMP Securities upped their target price on shares of Fiverr International from $32.00 to $36.00 and gave the stock a "market outperform" rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $31.60.

Fiverr International Trading Down 6.7 %

NYSE FVRR traded down $2.03 during trading hours on Monday, hitting $28.16. 850,297 shares of the company were exchanged, compared to its average volume of 851,994. The stock has a market cap of $1.09 billion, a PE ratio of 108.31 and a beta of 1.68. Fiverr International has a 52 week low of $18.83 and a 52 week high of $32.68. The stock has a 50-day moving average price of $24.64 and a 200 day moving average price of $23.83. The company has a quick ratio of 3.17, a current ratio of 2.99 and a debt-to-equity ratio of 1.47.

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

Institutional Trading of Fiverr International

Hedge funds have recently modified their holdings of the company. Van ECK Associates Corp lifted its stake in shares of Fiverr International by 18.4% during the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company's stock worth $332,000 after buying an additional 2,208 shares during the period. Swedbank AB purchased a new stake in Fiverr International during the 1st quarter valued at about $400,000. Shaker Investments LLC OH acquired a new position in shares of Fiverr International in the third quarter valued at about $552,000. California State Teachers Retirement System raised its stake in shares of Fiverr International by 9.5% in the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company's stock worth $749,000 after purchasing an additional 3,095 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Fiverr International by 21.5% during the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company's stock worth $870,000 after purchasing an additional 7,307 shares during the period. 59.00% of the stock is owned by hedge funds and other institutional investors.

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.