Fiverr International Ltd. (NYSE:FVRR) Receives Consensus Rating of "Hold" from Analysts

Fiverr International Ltd. (NYSE:FVRR - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eleven analysts that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $36.00.

Several brokerages have recently weighed in on FVRR. Royal Bank of Canada reissued a "sector perform" rating and set a $35.00 target price on shares of Fiverr International in a research report on Thursday, February 20th. JPMorgan Chase & Co. lifted their price target on Fiverr International from $27.00 to $32.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. The Goldman Sachs Group lifted their price target on Fiverr International from $41.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and issued a $36.00 target price on shares of Fiverr International in a research note on Thursday, May 8th. Finally, JMP Securities downgraded Fiverr International from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 20th.

Hedge Funds Weigh In On Fiverr International

A number of institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. increased its stake in Fiverr International by 53.3% in the first quarter. Ameriprise Financial Inc. now owns 1,870,478 shares of the company's stock valued at $44,293,000 after purchasing an additional 650,672 shares during the last quarter. Engine Capital Management LP boosted its position in shares of Fiverr International by 2.3% in the fourth quarter. Engine Capital Management LP now owns 1,204,316 shares of the company's stock worth $38,213,000 after buying an additional 27,003 shares during the period. Millennium Management LLC boosted its position in shares of Fiverr International by 20.9% in the first quarter. Millennium Management LLC now owns 369,714 shares of the company's stock worth $8,755,000 after buying an additional 63,828 shares during the period. Pier Capital LLC purchased a new stake in shares of Fiverr International in the fourth quarter worth about $8,674,000. Finally, Arkadios Wealth Advisors boosted its position in shares of Fiverr International by 7.3% in the first quarter. Arkadios Wealth Advisors now owns 147,895 shares of the company's stock worth $3,502,000 after buying an additional 10,022 shares during the period. 59.00% of the stock is owned by institutional investors and hedge funds.

Fiverr International Stock Performance

Shares of FVRR opened at $29.84 on Tuesday. The stock has a 50-day simple moving average of $29.27 and a 200-day simple moving average of $29.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.99 and a current ratio of 1.10. The stock has a market capitalization of $1.07 billion, a PE ratio of 63.49 and a beta of 1.58. Fiverr International has a 1 year low of $20.78 and a 1 year high of $36.11.

Fiverr International declared that its board has authorized a share buyback program on Tuesday, March 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 10.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is 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.

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