Royal Bank of Canada Reaffirms "Sector Perform" Rating for Fiverr International (NYSE:FVRR)

Royal Bank of Canada reaffirmed their sector perform rating on shares of Fiverr International (NYSE:FVRR - Free Report) in a report issued on Thursday,Benzinga reports. Royal Bank of Canada currently has a $35.00 price target on the stock.

A number of other brokerages have also recently commented on FVRR. UBS Group boosted their price target on Fiverr International from $31.00 to $32.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. JMP Securities downgraded Fiverr International from an "outperform" rating to a "market perform" rating in a report on Thursday. Citigroup raised their price target on Fiverr International from $36.00 to $39.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Needham & Company LLC reiterated a "buy" rating and issued a $36.00 target price on shares of Fiverr International in a research note on Wednesday. Finally, BTIG Research downgraded shares of Fiverr International from a "buy" rating to a "neutral" rating in a research note on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $33.20.

Fiverr International Stock Down 7.7 %

Shares of Fiverr International stock traded down $2.15 during trading on Thursday, hitting $25.71. The company's stock had a trading volume of 1,626,513 shares, compared to its average volume of 736,979. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.99 and a current ratio of 1.10. The company has a fifty day simple moving average of $31.99 and a two-hundred day simple moving average of $28.67. Fiverr International has a 52 week low of $18.83 and a 52 week high of $36.11. The company has a market capitalization of $921.27 million, a PE ratio of 54.69 and a beta of 1.69.

Institutional Investors Weigh In On Fiverr International

A number of large investors have recently added to or reduced their stakes in the stock. Huntington National Bank increased its holdings in Fiverr International by 35,200.0% during the third 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. Public Employees Retirement System of Ohio purchased a new stake in shares of Fiverr International in the 3rd quarter worth $683,000. Geode Capital Management LLC raised its holdings in Fiverr International by 12.6% in 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 period. Arkadios Wealth Advisors lifted its position in Fiverr International by 22.0% during the fourth quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company's stock valued at $4,375,000 after purchasing an additional 24,839 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in Fiverr International by 5.9% during the fourth quarter. New York State Common Retirement Fund now owns 24,824 shares of the company's stock valued at $788,000 after purchasing an additional 1,382 shares in 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.