The Goldman Sachs Group Trims Fiverr International (NYSE:FVRR) Target Price to $39.00

Fiverr International (NYSE:FVRR) had its price objective cut by The Goldman Sachs Group from $44.00 to $39.00 in a report released on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on the company. Needham & Company LLC reiterated a buy rating and issued a $36.00 price target on shares of Fiverr International in a report on Wednesday. BTIG Research decreased their target price on Fiverr International from $30.00 to $28.00 and set a buy rating for the company in a research report on Thursday, April 18th. Finally, UBS Group downgraded Fiverr International from a buy rating to a neutral rating and dropped their price target for the stock from $37.00 to $25.00 in a research report on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $32.82.

Fiverr International Price Performance

FVRR stock opened at $23.81 on Thursday. The stock has a market cap of $920.26 million, a PE ratio of 108.23 and a beta of 1.71. The company has a 50-day moving average price of $23.45 and a 200 day moving average price of $23.47. Fiverr International has a 12 month low of $18.83 and a 12 month high of $34.49. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 1.23.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The company had revenue of $93.52 million during the quarter, compared to the consensus estimate of $92.45 million. Fiverr International had a return on equity of 5.56% and a net margin of 3.17%. Equities research analysts anticipate that Fiverr International will post 0.45 earnings per share for the current year.

Hedge Funds Weigh In On Fiverr International

Several hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp grew its stake in Fiverr International by 18.4% during 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. ARK Investment Management LLC raised its stake in shares of Fiverr International by 27.1% in the second 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 last quarter. Swedbank AB acquired a new stake in shares of Fiverr International during the first quarter worth about $400,000. California State Teachers Retirement System boosted its position in 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 buying an additional 3,095 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Fiverr International by 21.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock worth $870,000 after buying an additional 7,307 shares during the period. 59.00% of the stock is owned by institutional investors and hedge funds.

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.