Fiverr International (NYSE:FVRR) Price Target Raised to $36.00

Fiverr International (NYSE:FVRR) had its price target lifted by JMP Securities from $32.00 to $36.00 in a report published on Thursday, Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group decreased their target price 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. Roth Mkm reaffirmed a “buy” rating and set a $32.00 price target (up from $30.00) on shares of Fiverr International in a report on Thursday, August 1st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $36.00 price objective on shares of Fiverr International in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.60.

Fiverr International Trading Up 3.2 %

Shares of Fiverr International stock opened at $30.19 on Thursday. The company has a quick ratio of 3.17, a current ratio of 2.99 and a debt-to-equity ratio of 1.47. Fiverr International has a 12-month low of $18.83 and a 12-month high of $32.68. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 116.12 and a beta of 1.68. The firm’s 50-day moving average price is $24.62 and its two-hundred day moving average price is $23.75.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. The business had revenue of $99.63 million during the quarter, compared to the consensus estimate of $96.37 million. On average, analysts forecast that Fiverr International will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

Hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp grew its holdings in Fiverr International by 18.4% during the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after acquiring an additional 2,208 shares during the period. Swedbank AB bought a new stake in shares of Fiverr International during the 1st quarter valued at about $400,000. Shaker Investments LLC OH bought a new stake in shares of Fiverr International during the 3rd quarter valued at about $552,000. California State Teachers Retirement System grew its stake in Fiverr International by 9.5% during the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after purchasing an additional 3,095 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in Fiverr International by 21.5% in the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock worth $870,000 after purchasing an additional 7,307 shares in the last quarter. Institutional investors own 59.00% of the company’s stock.

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.