BTIG Research Downgrades Fiverr International (NYSE:FVRR) to Neutral

Fiverr International (NYSE:FVRR) was downgraded by research analysts at BTIG Research from a “buy” rating to a “neutral” rating in a report released on Monday, MarketBeat Ratings reports.

A number of other analysts have also commented on FVRR. The Goldman Sachs Group decreased their price objective on Fiverr International from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Citigroup lifted 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. Roth Mkm reissued a “buy” rating and set a $32.00 price objective (up previously from $30.00) on shares of Fiverr International in a research note on Thursday, August 1st. JMP Securities lifted their target price on shares of Fiverr International from $32.00 to $36.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC reissued a “buy” rating and set a $36.00 price target on shares of Fiverr International in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.60.

Fiverr International Stock Performance

Shares of FVRR opened at $29.00 on Monday. The company has a market capitalization of $1.12 billion, a PE ratio of 111.54 and a beta of 1.68. Fiverr International has a 52-week low of $18.83 and a 52-week high of $32.68. The company has a 50-day simple moving average of $24.70 and a 200-day simple moving average of $23.90. 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 (NYSE:FVRR) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $99.63 million for the quarter, compared to analysts’ expectations of $96.37 million. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. Equities research analysts predict that Fiverr International will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp raised its holdings in Fiverr International by 18.4% in the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock valued at $332,000 after buying an additional 2,208 shares during the period. Swedbank AB acquired a new position in shares of Fiverr International during the 1st quarter valued at $400,000. Shaker Investments LLC OH acquired a new position in shares of Fiverr International during the 3rd quarter valued at $552,000. California State Teachers Retirement System boosted its position in Fiverr International by 9.5% during the 1st 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 1st quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after purchasing an additional 7,307 shares in the last quarter. 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.