Fiverr International (NYSE:FVRR) Stock Rating Reaffirmed by Needham & Company LLC

Fiverr International (NYSE:FVRR)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a report released on Wednesday, Benzinga reports. They presently have a $36.00 price objective on the stock. Needham & Company LLC’s price target would suggest a potential upside of 43.66% from the company’s previous close.

Several other equities analysts also recently weighed in on the company. UBS Group downgraded Fiverr International from a “buy” rating to a “neutral” rating and reduced their price target for the company from $37.00 to $25.00 in a report on Tuesday, July 2nd. 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 research report on Thursday, August 1st. Finally, Roth Mkm reaffirmed a “buy” rating and set a $32.00 price objective (up from $30.00) on shares of Fiverr International in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.30.

Fiverr International Price Performance

Shares of NYSE:FVRR opened at $25.06 on Wednesday. Fiverr International has a 1-year low of $18.83 and a 1-year high of $31.61. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.17 and a quick ratio of 3.17. The business has a fifty day moving average price of $24.43 and a 200-day moving average price of $23.58. The company has a market capitalization of $968.67 million, a PE ratio of 113.91 and a beta of 1.71.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. Fiverr International had a return on equity of 5.67% and a net margin of 3.17%. The firm had revenue of $94.66 million during the quarter, compared to the consensus estimate of $94.69 million. As a group, equities analysts expect that Fiverr International will post 0.57 EPS for the current fiscal year.

Institutional Trading of Fiverr International

A number of large investors have recently added to or reduced their stakes in FVRR. Shaker Investments LLC OH purchased a new position in shares of Fiverr International in the 3rd quarter worth approximately $552,000. Engine Capital Management LP boosted its holdings in shares of Fiverr International by 2.7% in the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after purchasing an additional 21,144 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Fiverr International by 18.4% in the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after purchasing an additional 2,208 shares during the period. ARK Investment Management LLC boosted its holdings in shares of Fiverr International by 27.1% in 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 during the period. Finally, Swedbank AB purchased a new position in Fiverr International during the 1st quarter valued at $400,000. Institutional investors own 59.00% of the company’s stock.

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.