Fiverr International Ltd. (NYSE:FVRR) Receives $32.30 Average Price Target from Brokerages

Shares of Fiverr International Ltd. (NYSE:FVRR) have earned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $32.30.

A number of equities research analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $36.00 price target on shares of Fiverr International in a report on Wednesday, October 30th. BTIG Research cut shares of Fiverr International from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. UBS Group raised their price target on shares of Fiverr International from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. 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 report on Thursday, October 31st. Finally, JMP Securities reiterated a “market outperform” rating and set a $36.00 price objective on shares of Fiverr International in a report on Thursday, January 30th.

Fiverr International Trading Down 0.6 %

NYSE:FVRR opened at $33.16 on Wednesday. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 127.52 and a beta of 1.69. The firm has a fifty day simple moving average of $32.42 and a two-hundred day simple moving average of $28.60. Fiverr International has a 12 month low of $18.83 and a 12 month high of $36.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors boosted its holdings in Fiverr International by 22.0% during the fourth quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company’s stock worth $4,375,000 after purchasing an additional 24,839 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Fiverr International during the third quarter worth about $683,000. Geode Capital Management LLC raised its position in Fiverr International by 12.6% in the third quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock worth $685,000 after acquiring an additional 2,961 shares during the period. Huntington National Bank raised its position in Fiverr International by 35,200.0% in the third quarter. Huntington National Bank now owns 1,059 shares of the company’s stock worth $27,000 after acquiring an additional 1,056 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Fiverr International by 22.0% in the fourth quarter. Ameriprise Financial Inc. now owns 1,219,806 shares of the company’s stock worth $38,704,000 after acquiring an additional 219,957 shares during the period. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

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.