Fiverr International (NYSE:FVRR) Cut to "Buy" at Wall Street Zen

Fiverr International (NYSE:FVRR - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Sunday.

Several other equities analysts have also commented on FVRR. The Goldman Sachs Group increased their target price on shares of Fiverr International from $41.00 to $47.00 and gave the company a "buy" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. increased their price target on shares of Fiverr International from $27.00 to $32.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and set a $36.00 price target on shares of Fiverr International in a research report on Thursday, May 8th. Citigroup increased their price target on shares of Fiverr International from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Scotiabank increased their price target on shares of Fiverr International from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Fiverr International currently has an average rating of "Moderate Buy" and an average price target of $36.00.

Fiverr International Price Performance

FVRR stock opened at $28.93 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.20. Fiverr International has a 52 week low of $20.78 and a 52 week high of $36.11. The firm's fifty day moving average is $30.05 and its 200 day moving average is $29.34. The firm has a market cap of $1.04 billion, a P/E ratio of 61.54 and a beta of 1.58.

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

Institutional Investors Weigh In On Fiverr International

Institutional investors and hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its position in shares of Fiverr International by 134.9% in the 4th quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company's stock worth $33,000 after purchasing an additional 592 shares during the period. Huntington National Bank lifted its position 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 period. SBI Securities Co. Ltd. purchased a new stake in shares of Fiverr International in the 4th quarter worth about $57,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Fiverr International in the 4th quarter worth about $187,000. Finally, Quantbot Technologies LP lifted its position in Fiverr International by 5,825.9% during the 1st quarter. Quantbot Technologies LP now owns 11,911 shares of the company's stock valued at $282,000 after acquiring an additional 11,710 shares during the period. 59.00% of the stock is owned by hedge funds and other institutional investors.

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.

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