Fiverr International Ltd. (NYSE:FVRR) Receives Average Rating of “Moderate Buy” from Brokerages

Fiverr International Ltd. (NYSE:FVRR) has earned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $32.30.

Several analysts recently weighed in on the stock. BTIG Research downgraded shares of Fiverr International from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Citigroup raised their target price on shares of Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. JMP Securities reissued a “market outperform” rating and set a $36.00 target price on shares of Fiverr International in a research note on Thursday, January 30th. UBS Group raised their target price on shares of Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $36.00 target price on shares of Fiverr International in a research note on Wednesday, October 30th.

Hedge Funds Weigh In On Fiverr International

Several hedge funds have recently made changes to their positions in the business. Huntington National Bank grew its stake in shares of Fiverr International by 38.3% in the 4th quarter. Huntington National Bank now owns 1,465 shares of the company’s stock worth $46,000 after purchasing an additional 406 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Fiverr International by 134.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company’s stock worth $33,000 after buying an additional 592 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of Fiverr International by 5.9% in the fourth quarter. New York State Common Retirement Fund now owns 24,824 shares of the company’s stock worth $788,000 after buying an additional 1,382 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Fiverr International in the fourth quarter worth about $57,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Fiverr International by 12.6% in the third quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock worth $685,000 after buying an additional 2,961 shares during the period. Institutional investors and hedge funds own 59.00% of the company’s stock.

Fiverr International Trading Up 1.3 %

Shares of NYSE:FVRR opened at $33.27 on Wednesday. The company has a market cap of $1.29 billion, a PE ratio of 127.98 and a beta of 1.69. The company’s 50-day moving average price is $32.44 and its 200 day moving average price is $28.51. Fiverr International has a fifty-two week low of $18.83 and a fifty-two week high of $36.11. 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 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.