Fiverr International (NYSE:FVRR) Earns "Buy" Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Fiverr International (NYSE:FVRR - Free Report) in a research report report published on Wednesday morning, Benzinga reports. Needham & Company LLC currently has a $36.00 price target on the stock.

FVRR has been the subject of several other research reports. Roth Mkm reiterated a "buy" rating and set a $32.00 price target (up previously from $30.00) on shares of Fiverr International in a report on Thursday, August 1st. The Goldman Sachs Group dropped their price objective on Fiverr International from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, August 1st. Finally, UBS Group cut Fiverr International from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $37.00 to $25.00 in a report on Tuesday, July 2nd. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $31.30.

Fiverr International Price Performance

Shares of NYSE FVRR traded up $4.09 during mid-day trading on Wednesday, reaching $29.16. The company had a trading volume of 4,556,701 shares, compared to its average volume of 848,521. Fiverr International has a one year low of $18.83 and a one year high of $32.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.17 and a current ratio of 3.17. The business's 50-day simple moving average is $24.49 and its 200 day simple moving average is $23.62. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 132.55 and a beta of 1.71.

Fiverr International (NYSE:FVRR - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $94.66 million for the quarter, compared to analysts' expectations of $94.69 million. Fiverr International had a return on equity of 5.67% and a net margin of 3.17%. On average, research analysts predict that Fiverr International will post 0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp increased its position in 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 buying an additional 2,208 shares in the last quarter. Swedbank AB purchased a new stake in shares of Fiverr International in the first quarter worth about $400,000. Shaker Investments LLC OH purchased a new stake in shares of Fiverr International in the third quarter worth about $552,000. California State Teachers Retirement System boosted 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 buying an additional 3,095 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Fiverr International by 21.5% in the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company's stock worth $870,000 after buying an additional 7,307 shares during the last quarter. 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.