Royal Bank of Canada Reiterates “Sector Perform” Rating for Fiverr International (NYSE:FVRR)

Fiverr International (NYSE:FVRR)‘s stock had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada in a research report issued on Thursday,Benzinga reports. They presently have a $35.00 price objective on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 27.62% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Needham & Company LLC reiterated a “buy” rating and set a $36.00 price target on shares of Fiverr International in a research report on Wednesday. UBS Group increased their price target on Fiverr International from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. BTIG Research cut Fiverr International from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Citigroup increased their price target on Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, JMP Securities cut Fiverr International from an “outperform” rating to a “market perform” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $33.20.

Fiverr International Stock Performance

Shares of Fiverr International stock traded down $2.81 on Thursday, reaching $27.43. 882,091 shares of the company were exchanged, compared to its average volume of 775,118. 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 company’s 50-day moving average is $32.29 and its two-hundred day moving average is $28.67. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 105.45 and a beta of 1.69. Fiverr International has a 1-year low of $18.83 and a 1-year high of $36.11.

Hedge Funds Weigh In On Fiverr International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in Fiverr International by 134.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company’s stock valued at $33,000 after purchasing an additional 592 shares in the last quarter. Huntington National Bank boosted its stake in 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in Fiverr International during the 4th quarter valued at $57,000. KLP Kapitalforvaltning AS bought a new position in Fiverr International during the 4th quarter valued at $187,000. Finally, New York State Common Retirement Fund boosted its stake in Fiverr International by 5.9% during the 4th quarter. New York State Common Retirement Fund now owns 24,824 shares of the company’s stock valued at $788,000 after purchasing an additional 1,382 shares in the last quarter. 59.00% of the stock is 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.