Wall Street Zen Downgrades Fiverr International (NYSE:FVRR) to Buy

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

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Fiverr International from $27.00 to $32.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Scotiabank upped their price objective 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. Citigroup raised their price objective on Fiverr International from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. The Goldman Sachs Group boosted their target price on Fiverr International from $41.00 to $47.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $36.00 price target on shares of Fiverr International in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Fiverr International has a consensus rating of "Moderate Buy" and a consensus price target of $36.00.

Fiverr International Trading Down 1.5%

Shares of Fiverr International stock traded down $0.45 during trading on Friday, hitting $29.25. 438,901 shares of the company were exchanged, compared to its average volume of 681,392. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $1.05 billion, a P/E ratio of 62.22 and a beta of 1.54. The firm's fifty day moving average price is $30.25 and its 200 day moving average price is $29.28. 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 initiated a share repurchase plan on Tuesday, March 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 10.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are undervalued.

Institutional Trading of Fiverr International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FVRR. Jones Financial Companies Lllp grew its position in 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 in the last quarter. Huntington National Bank boosted its position in Fiverr International by 38.3% in the fourth 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 last quarter. SBI Securities Co. Ltd. purchased a new position in Fiverr International in the fourth quarter worth $57,000. KLP Kapitalforvaltning AS bought a new position in Fiverr International in the 4th quarter valued at $187,000. Finally, Quantbot Technologies LP increased its position in shares of 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 purchasing an additional 11,710 shares during the last quarter. 59.00% of the stock is owned by 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.