Fiverr International’s (FVRR) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Fiverr International (NYSE:FVRR) in a report published on Wednesday morning,Benzinga reports. The firm currently has a $36.00 price objective on the stock.

Other equities research analysts have also issued research reports about the stock. Citigroup upped their price objective 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. UBS Group increased their price target on shares of Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $36.00 price target on shares of Fiverr International in a research report on Thursday, January 30th. Finally, BTIG Research lowered Fiverr International from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.20.

Fiverr International Stock Performance

NYSE FVRR opened at $25.71 on Wednesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.99 and a current ratio of 2.99. The stock’s fifty day moving average is $31.99 and its two-hundred day moving average is $28.67. The firm has a market capitalization of $993.50 million, a P/E ratio of 54.69 and a beta of 1.69. Fiverr International has a fifty-two week low of $18.83 and a fifty-two week high of $36.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pier Capital LLC acquired a new position in Fiverr International during the 4th quarter worth about $8,674,000. Ameriprise Financial Inc. increased its stake in Fiverr International by 22.0% during the fourth quarter. Ameriprise Financial Inc. now owns 1,219,806 shares of the company’s stock worth $38,704,000 after purchasing an additional 219,957 shares during the period. Millennium Management LLC lifted its position in shares of Fiverr International by 169.9% during the fourth quarter. Millennium Management LLC now owns 305,886 shares of the company’s stock worth $9,706,000 after purchasing an additional 192,534 shares in the last quarter. Jump Financial LLC boosted its stake in shares of Fiverr International by 594.7% in the fourth quarter. Jump Financial LLC now owns 80,754 shares of the company’s stock valued at $2,562,000 after purchasing an additional 69,129 shares during the period. Finally, Engine Capital Management LP boosted its stake in shares of Fiverr International by 2.3% in the fourth quarter. Engine Capital Management LP now owns 1,204,316 shares of the company’s stock valued at $38,213,000 after purchasing an additional 27,003 shares during the period. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

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.