Fiverr International (NYSE:FVRR) Given Buy Rating at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Fiverr International (NYSE:FVRR) in a research report sent to investors on Wednesday,Benzinga reports. They currently have a $36.00 target price on the stock.

A number of other research analysts also recently issued reports on FVRR. BTIG Research downgraded shares of Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. UBS Group lifted their price objective on shares of Fiverr International from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Citigroup increased their target price on Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $36.00 price target on shares of Fiverr International in a report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Fiverr International presently has an average rating of “Hold” and a consensus target price of $33.20.

Fiverr International Stock Performance

Shares of FVRR opened at $25.71 on Wednesday. Fiverr International has a 1 year low of $18.83 and a 1 year high of $36.11. The stock has a market capitalization of $993.50 million, a PE ratio of 54.69 and a beta of 1.69. 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 stock has a 50-day simple moving average of $31.99 and a 200-day simple moving average of $28.67.

Institutional Trading of Fiverr International

A number of hedge funds and other institutional investors have recently made changes to their positions in FVRR. Huntington National Bank boosted its holdings in shares of Fiverr International by 35,200.0% in the third quarter. Huntington National Bank now owns 1,059 shares of the company’s stock valued at $27,000 after acquiring an additional 1,056 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Fiverr International in the 3rd quarter valued at $683,000. Geode Capital Management LLC boosted its stake in Fiverr International by 12.6% during the 3rd quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock worth $685,000 after purchasing an additional 2,961 shares during the period. Arkadios Wealth Advisors boosted its stake in Fiverr International by 22.0% during the 4th quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company’s stock worth $4,375,000 after purchasing an additional 24,839 shares during the period. Finally, New York State Common Retirement Fund grew its position 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 worth $788,000 after purchasing an additional 1,382 shares during the last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.

About Fiverr International

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.