Fiverr International (NYSE:FVRR) Lowered to Neutral at UBS Group

UBS Group downgraded shares of Fiverr International (NYSE:FVRR) from a buy rating to a neutral rating in a research report released on Tuesday morning, Marketbeat Ratings reports. The firm currently has $25.00 price objective on the stock, down from their previous price objective of $37.00.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group boosted their target price on shares of Fiverr International from $39.00 to $44.00 and gave the stock a buy rating in a research note on Monday, May 13th. Needham & Company LLC reissued a buy rating and set a $33.00 target price on shares of Fiverr International in a research note on Thursday, May 9th. Finally, BTIG Research cut their target price on shares of Fiverr International from $30.00 to $28.00 and set a buy rating for the company in a research note on Thursday, April 18th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $33.09.

Fiverr International Trading Down 4.1 %

Shares of Fiverr International stock opened at $21.29 on Tuesday. The firm has a 50-day simple moving average of $23.25 and a two-hundred day simple moving average of $24.09. The company has a market cap of $822.86 million, a P/E ratio of 96.77 and a beta of 1.71. Fiverr International has a fifty-two week low of $18.83 and a fifty-two week high of $34.49. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.08 and a current ratio of 3.08.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings data 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 firm had revenue of $93.52 million during the quarter, compared to analyst estimates of $92.45 million. Fiverr International had a return on equity of 4.87% and a net margin of 2.38%. As a group, equities analysts predict that Fiverr International will post 0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

Institutional investors and hedge funds have recently bought and sold shares of the company. Vima LLC acquired a new position in Fiverr International in the 4th quarter valued at about $86,000. Van ECK Associates Corp lifted its holdings in shares of Fiverr International by 9.5% in the 4th quarter. Van ECK Associates Corp now owns 11,439 shares of the company’s stock worth $311,000 after acquiring an additional 990 shares during the last quarter. Swedbank AB acquired a new position in shares of Fiverr International in the 1st quarter worth approximately $400,000. California State Teachers Retirement System lifted its holdings in shares of Fiverr International by 9.5% in the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after acquiring an additional 3,095 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Fiverr International by 21.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock worth $870,000 after acquiring an additional 7,307 shares during the last quarter. 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.