Fiverr International Ltd. (NYSE:FVRR) Receives $32.30 Average Target Price from Analysts

Fiverr International Ltd. (NYSE:FVRR) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $32.30.

A number of equities research analysts recently weighed in on FVRR shares. UBS Group raised their price target on shares of Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Citigroup raised their price target on shares of Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price target on shares of Fiverr International in a report on Wednesday, October 30th. BTIG Research lowered shares of Fiverr International from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Finally, JMP Securities reiterated a “market outperform” rating and set a $36.00 price objective on shares of Fiverr International in a research note on Thursday, January 30th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Jump Financial LLC lifted its position in shares of Fiverr International by 594.7% in the 4th quarter. Jump Financial LLC now owns 80,754 shares of the company’s stock worth $2,562,000 after buying an additional 69,129 shares during the last quarter. Huntington National Bank lifted its position in shares of Fiverr International by 38.3% in the 4th quarter. Huntington National Bank now owns 1,465 shares of the company’s stock worth $46,000 after buying an additional 406 shares during the last quarter. Pier Capital LLC bought a new position in shares of Fiverr International in the 4th quarter worth about $8,674,000. KLP Kapitalforvaltning AS bought a new position in shares of Fiverr International in the 4th quarter worth about $187,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Fiverr International in the 4th quarter worth about $57,000. 59.00% of the stock is currently owned by institutional investors.

Fiverr International Price Performance

FVRR opened at $33.27 on Wednesday. The company has a fifty day simple moving average of $32.44 and a 200 day simple moving average of $28.51. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 127.98 and a beta of 1.69. Fiverr International has a twelve month low of $18.83 and a twelve month high of $36.11. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 1.47.

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.