UBS Group Raises Fiverr International (NYSE:FVRR) Price Target to $32.00

Fiverr International (NYSE:FVRR) had its price target raised by research analysts at UBS Group from $31.00 to $32.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential downside of 3.35% from the company’s current price.

A number of other research firms have also recently weighed in on FVRR. Needham & Company LLC reiterated a “buy” rating and set a $36.00 price objective on shares of Fiverr International in a research report on Wednesday, October 30th. JMP Securities upped their target price on Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Citigroup boosted their price objective on Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, BTIG Research downgraded Fiverr International from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Fiverr International presently has an average rating of “Moderate Buy” and an average price target of $32.30.

Fiverr International Stock Performance

Fiverr International stock traded up $0.33 during trading on Tuesday, reaching $33.11. The company had a trading volume of 34,197 shares, compared to its average volume of 842,043. The firm’s 50-day simple moving average is $26.86 and its 200 day simple moving average is $25.05. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 1.47. Fiverr International has a 52 week low of $18.83 and a 52 week high of $33.90. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 126.08 and a beta of 1.69.

Fiverr International (NYSE:FVRR) last released its earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. The firm had revenue of $99.63 million during 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%. Sell-side analysts forecast that Fiverr International will post 0.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

A number of institutional investors and hedge funds have recently made changes to their positions in FVRR. Geode Capital Management LLC grew its stake in Fiverr International by 12.6% in the 3rd quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock worth $685,000 after acquiring an additional 2,961 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Fiverr International during the 3rd quarter worth about $683,000. Huntington National Bank grew its holdings in Fiverr International by 35,200.0% in the third quarter. Huntington National Bank now owns 1,059 shares of the company’s stock valued at $27,000 after purchasing an additional 1,056 shares during the period. Shaker Investments LLC OH acquired a new position in shares of Fiverr International in the 3rd quarter valued at $552,000. Finally, Engine Capital Management LP grew its stake in shares of Fiverr International by 2.7% during the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock valued at $19,079,000 after buying an additional 21,144 shares during the period. 59.00% of the stock is 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.