UBS Group Lowers Fiverr International (NYSE:FVRR) to Neutral

UBS Group cut shares of Fiverr International (NYSE:FVRR) from a buy rating to a neutral rating in a report published on Tuesday, MarketBeat reports. The brokerage currently has $25.00 price target on the stock, down from their previous price target of $37.00.

A number of other analysts have also recently commented on FVRR. BTIG Research lowered their price objective on shares of Fiverr International from $30.00 to $28.00 and set a buy rating for the company in a research report on Thursday, April 18th. Needham & Company LLC restated a buy rating and issued a $33.00 price objective on shares of Fiverr International in a research report on Thursday, May 9th. Finally, The Goldman Sachs Group upped their price objective on shares of Fiverr International from $39.00 to $44.00 and gave the company a buy rating in a research report on Monday, May 13th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $33.09.

Fiverr International Stock Performance

FVRR stock opened at $23.01 on Tuesday. The business’s fifty day moving average is $23.32 and its 200-day moving average is $24.03. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 1.23. The company has a market cap of $889.34 million, a P/E ratio of 104.59 and a beta of 1.71. Fiverr International has a twelve month low of $18.83 and a twelve month high of $34.49.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.04 earnings per share 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 analyst estimates of $92.45 million. Fiverr International had a net margin of 2.38% and a return on equity of 4.87%. Equities research analysts forecast that Fiverr International will post 0.45 EPS for the current year.

Institutional Trading of Fiverr International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bullseye Asset Management LLC boosted its position in shares of Fiverr International by 7.3% during the 3rd quarter. Bullseye Asset Management LLC now owns 36,760 shares of the company’s stock worth $900,000 after purchasing an additional 2,500 shares in the last quarter. Legato Capital Management LLC lifted its holdings in shares of Fiverr International by 14.8% during the 4th quarter. Legato Capital Management LLC now owns 39,932 shares of the company’s stock worth $1,087,000 after acquiring an additional 5,143 shares during the last quarter. ARK Investment Management LLC lifted its holdings in shares of Fiverr International by 3.9% during the 4th quarter. ARK Investment Management LLC now owns 76,334 shares of the company’s stock worth $2,078,000 after acquiring an additional 2,849 shares during the last quarter. Arkadios Wealth Advisors raised its position in Fiverr International by 16.7% in the 4th quarter. Arkadios Wealth Advisors now owns 91,492 shares of the company’s stock worth $2,490,000 after purchasing an additional 13,068 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in Fiverr International by 144.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 862,955 shares of the company’s stock worth $23,490,000 after purchasing an additional 510,000 shares during the period. 59.00% of the stock is currently owned by institutional investors and hedge funds.

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.