Brokerages Set Fiverr International Ltd. (NYSE:FVRR) PT at $34.11

Shares of Fiverr International Ltd. (NYSE:FVRR - Get Free Report) have earned an average rating of "Hold" from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $34.11.

Several equities research analysts have recently commented on FVRR shares. Scotiabank started coverage on shares of Fiverr International in a research note on Wednesday, March 12th. They issued a "sector outperform" rating and a $31.00 target price on the stock. Citizens Jmp lowered shares of Fiverr International from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 20th. Royal Bank of Canada restated a "sector perform" rating and set a $35.00 price target on shares of Fiverr International in a research report on Thursday, February 20th. JPMorgan Chase & Co. cut their price objective on Fiverr International from $33.00 to $27.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Needham & Company LLC restated a "buy" rating and set a $36.00 target price on shares of Fiverr International in a report on Wednesday, February 19th.

Institutional Trading of Fiverr International

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in Fiverr International by 12.6% in the third quarter. Geode Capital Management LLC now owns 26,472 shares of the company's stock valued at $685,000 after purchasing an additional 2,961 shares during the last quarter. Arkadios Wealth Advisors increased its stake in shares of Fiverr International by 22.0% in the 4th quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company's stock valued at $4,375,000 after acquiring an additional 24,839 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Fiverr International by 5.9% in the 4th quarter. New York State Common Retirement Fund now owns 24,824 shares of the company's stock valued at $788,000 after acquiring an additional 1,382 shares during the period. 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 worth $33,000 after acquiring an additional 592 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Fiverr International during the fourth quarter valued at approximately $57,000. Institutional investors own 59.00% of the company's stock.

Fiverr International Price Performance

FVRR stock traded up $0.23 during trading on Monday, hitting $26.35. The company had a trading volume of 32,705 shares, compared to its average volume of 730,850. The company has a fifty day moving average price of $25.23 and a two-hundred day moving average price of $28.86. Fiverr International has a fifty-two week low of $19.98 and a fifty-two week high of $36.11. The company has a market cap of $944.60 million, a P/E ratio of 56.01 and a beta of 1.98. 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 declared that its Board of Directors has initiated a share repurchase plan on Tuesday, March 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 10.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

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.