Needham & Company LLC Reiterates Buy Rating for Fiverr International (NYSE:FVRR)

Fiverr International (NYSE:FVRR)‘s stock had its “buy” rating reissued by equities research analysts at Needham & Company LLC in a research report issued on Wednesday,Benzinga reports. They currently have a $36.00 price target on the stock. Needham & Company LLC’s target price suggests a potential upside of 8.58% from the stock’s current price.

A number of other analysts have also weighed in on the stock. BTIG Research lowered shares of Fiverr International from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Citigroup increased their price objective on Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. UBS Group boosted their target price on Fiverr International from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $36.00 price target on shares of Fiverr International in a report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.30.

Fiverr International Stock Down 0.6 %

Fiverr International stock opened at $33.16 on Wednesday. The firm has a 50 day moving average price of $32.39 and a 200-day moving average price of $28.66. Fiverr International has a twelve month low of $18.83 and a twelve month high of $36.11. The company has a market capitalization of $1.28 billion, a P/E ratio of 127.52 and a beta of 1.69. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 1.47.

Fiverr International (NYSE:FVRR) last issued its earnings results on Wednesday, February 19th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.40). Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. As a group, equities analysts predict that Fiverr International will post 0.51 EPS for the current year.

Hedge Funds Weigh In On Fiverr International

Several institutional investors have recently modified their holdings of the company. Arkadios Wealth Advisors boosted its stake in Fiverr International by 22.0% in the fourth quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company’s stock worth $4,375,000 after buying an additional 24,839 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Fiverr International in the 3rd quarter worth approximately $683,000. Geode Capital Management LLC boosted its stake in shares of Fiverr International by 12.6% in the 3rd quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock valued at $685,000 after purchasing an additional 2,961 shares in the last quarter. Huntington National Bank grew its holdings in shares of Fiverr International by 35,200.0% during the 3rd 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 last quarter. Finally, Ameriprise Financial Inc. raised its position in Fiverr International by 22.0% in the 4th 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. 59.00% of the stock is currently owned by 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.