Fiverr International (NYSE:FVRR) Cut to Hold at Citizens Jmp

Fiverr International (NYSE:FVRR) was downgraded by Citizens Jmp from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the company. BTIG Research downgraded Fiverr International from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Royal Bank of Canada reissued a “sector perform” rating and issued a $35.00 price target on shares of Fiverr International in a report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 target price on shares of Fiverr International in a research note on Wednesday. JMP Securities lowered shares of Fiverr International from an “outperform” rating to a “market perform” rating in a research note on Thursday. Finally, UBS Group raised their price objective on shares of Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $33.20.

Fiverr International Stock Down 7.8 %

Shares of NYSE FVRR opened at $27.89 on Thursday. The business has a 50-day moving average of $32.16 and a two-hundred day moving average of $28.67. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 59.33 and a beta of 1.69. Fiverr International has a 1 year low of $18.83 and a 1 year high of $36.11. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.99 and a quick ratio of 2.99.

Hedge Funds Weigh In On Fiverr International

A number of hedge funds have recently modified their holdings of FVRR. Public Employees Retirement System of Ohio grew its holdings in shares of Fiverr International by 60.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 42,336 shares of the company’s stock valued at $1,343,000 after buying an additional 15,951 shares during the last quarter. Millennium Management LLC increased its position in shares of Fiverr International by 169.9% during the fourth quarter. Millennium Management LLC now owns 305,886 shares of the company’s stock valued at $9,706,000 after buying an additional 192,534 shares during the period. Engine Capital Management LP boosted its stake in Fiverr International by 2.3% during the fourth quarter. Engine Capital Management LP now owns 1,204,316 shares of the company’s stock valued at $38,213,000 after buying an additional 27,003 shares during the period. Ameriprise Financial Inc. grew its stake 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 buying an additional 219,957 shares in the last quarter. Finally, Jump Financial LLC raised its holdings in shares of Fiverr International by 594.7% during the 4th quarter. Jump Financial LLC now owns 80,754 shares of the company’s stock valued at $2,562,000 after buying an additional 69,129 shares in the last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.

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.