Fiverr International (NYSE:FVRR) Receives “Sector Perform” Rating from Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of Fiverr International (NYSE:FVRR) in a report published on Thursday morning,Benzinga reports. The brokerage currently has a $35.00 price objective on the stock.

A number of other equities research analysts have also recently commented on the stock. UBS Group increased their price objective on shares of Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Citigroup increased their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. BTIG Research cut shares of Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. JMP Securities cut shares of Fiverr International from an “outperform” rating to a “market perform” rating in a research note on Thursday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price target on shares of Fiverr International in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Fiverr International currently has a consensus rating of “Hold” and an average price target of $33.20.

Fiverr International Stock Performance

NYSE:FVRR opened at $27.89 on Thursday. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 1.47. Fiverr International has a fifty-two week low of $18.83 and a fifty-two week high of $36.11. The stock has a market cap of $1.08 billion, a PE ratio of 107.25 and a beta of 1.69. The firm’s fifty day simple moving average is $32.16 and its 200-day simple moving average is $28.67.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FVRR. Huntington National Bank lifted its holdings in shares of Fiverr International by 35,200.0% during the 3rd 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. Jones Financial Companies Lllp lifted its holdings in shares of Fiverr International by 134.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company’s stock worth $33,000 after acquiring an additional 592 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Fiverr International during the 4th quarter worth about $57,000. KLP Kapitalforvaltning AS purchased a new position in shares of Fiverr International during the 4th quarter worth about $187,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Fiverr International during the 3rd quarter worth about $683,000. 59.00% of the stock is currently 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.