Fiverr International Ltd. (NYSE:FVRR) Receives $35.89 Consensus PT from Analysts

Fiverr International Ltd. (NYSE:FVRR - Get Free Report) has been given an average recommendation of "Hold" by the eleven analysts that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $36.00.

FVRR has been the subject of a number of research reports. JMP Securities downgraded Fiverr International from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 20th. Citigroup boosted their target price on Fiverr International from $39.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Needham & Company LLC reissued a "buy" rating and set a $36.00 target price on shares of Fiverr International in a research report on Thursday, May 8th. Royal Bank of Canada restated a "sector perform" rating and issued a $35.00 price target on shares of Fiverr International in a report on Thursday, February 20th. Finally, The Goldman Sachs Group boosted their price objective on shares of Fiverr International from $41.00 to $47.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th.

Fiverr International Trading Down 0.2%

Shares of FVRR traded down $0.07 during mid-day trading on Friday, reaching $32.75. The company had a trading volume of 352,428 shares, compared to its average volume of 701,499. Fiverr International has a fifty-two week low of $20.78 and a fifty-two week high of $36.11. The firm has a fifty day simple moving average of $27.27 and a 200-day simple moving average of $29.57. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 69.69 and a beta of 1.67. The company has a current ratio of 1.10, a quick ratio of 2.99 and a debt-to-equity ratio of 0.06.

Fiverr International announced that its Board of Directors has initiated a stock buyback plan on Tuesday, March 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to reacquire up to 10.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Huntington National Bank grew its holdings in Fiverr International by 38.3% during the 4th quarter. Huntington National Bank now owns 1,465 shares of the company's stock valued at $46,000 after purchasing an additional 406 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Fiverr International by 134.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company's stock valued at $33,000 after acquiring an additional 592 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Fiverr International by 5.9% during the fourth quarter. New York State Common Retirement Fund now owns 24,824 shares of the company's stock worth $788,000 after acquiring an additional 1,382 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Fiverr International in the fourth quarter worth about $57,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Fiverr International in the fourth quarter worth about $187,000. 59.00% of the stock is owned by institutional investors and hedge funds.

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.