JMP Securities Increases Fiverr International (NYSE:FVRR) Price Target to $36.00

Fiverr International (NYSE:FVRR) had its price target lifted by analysts at JMP Securities from $32.00 to $36.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “market outperform” rating on the stock. JMP Securities’ price target would suggest a potential upside of 19.21% from the company’s current price.

A number of other brokerages have also weighed in on FVRR. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price objective on shares of Fiverr International in a report on Wednesday. Roth Mkm reiterated a “buy” rating and issued a $32.00 price target (up previously from $30.00) on shares of Fiverr International in a report on Thursday, August 1st. Finally, The Goldman Sachs Group decreased their price objective on shares of Fiverr International from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Fiverr International presently has an average rating of “Moderate Buy” and an average target price of $31.60.

Fiverr International Stock Up 3.2 %

FVRR stock opened at $30.20 on Thursday. The stock has a market capitalization of $1.17 billion, a PE ratio of 116.15 and a beta of 1.71. The company has a fifty day moving average of $24.62 and a 200-day moving average of $23.73. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.17 and a current ratio of 3.17. Fiverr International has a one year low of $18.83 and a one year high of $32.68.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Fiverr International had a net margin of 2.67% and a return on equity of 6.97%. The firm had revenue of $99.63 million during the quarter, compared to the consensus estimate of $96.37 million. As a group, analysts expect that Fiverr International will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC grew its holdings in Fiverr International by 21.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after buying an additional 7,307 shares during the last quarter. California State Teachers Retirement System lifted its position 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 valued at $749,000 after acquiring an additional 3,095 shares in the last quarter. Swedbank AB acquired a new stake in shares of Fiverr International during the first quarter valued at $400,000. ARK Investment Management LLC increased its position in Fiverr International by 27.1% during the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock worth $2,568,000 after purchasing an additional 23,335 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in Fiverr International by 18.4% in the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock valued at $332,000 after purchasing an additional 2,208 shares during the last quarter. 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.