Fiverr International (NYSE:FVRR) Sees Strong Trading Volume Following Analyst Upgrade

Key Points

• Fiverr International shares experienced strong trading volume following a rating upgrade from BTIG Research, which updated their recommendation from neutral to buy with a price target of $31.00.
• Several analysts have issued mixed ratings on Fiverr, with a consensus rating of "Moderate Buy" and an average target price of $32.60, while some have downgraded their price targets.
• Institutional investment in Fiverr has increased significantly, with notable stake increases from companies like Ameriprise Financial, which raised its ownership by 53.3% in the last quarter.

Fiverr International (NYSE:FVRR - Get Free Report) shares saw strong trading volume on Friday after BTIG Research upgraded the stock from a neutral rating to a buy rating. BTIG Research now has a $31.00 price target on the stock. 723,202 shares were traded during mid-day trading, a decline of 0% from the previous session's volume of 724,355 shares.The stock last traded at $27.86 and had previously closed at $25.21.

Several other research firms have also recently issued reports on FVRR. UBS Group cut their target price on Fiverr International from $32.00 to $25.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Needham & Company LLC reiterated a "buy" rating and set a $32.00 price target on shares of Fiverr International in a report on Tuesday, September 16th. Royal Bank Of Canada decreased their target price on shares of Fiverr International from $35.00 to $28.00 and set a "sector perform" rating on the stock in a research report on Thursday, July 31st. JPMorgan Chase & Co. raised shares of Fiverr International from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $32.00 to $30.00 in a research note on Thursday, July 31st. Finally, Oppenheimer reduced their price target on shares of Fiverr International from $35.00 to $30.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 16th. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Fiverr International has a consensus rating of "Moderate Buy" and a consensus price target of $32.60.

Institutional Trading of Fiverr International

Several institutional investors and hedge funds have recently modified their holdings of the business. Assetmark Inc. purchased a new position in Fiverr International during the second quarter worth $41,000. Tower Research Capital LLC TRC increased its position in Fiverr International by 4,392.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the company's stock worth $90,000 after buying an additional 2,987 shares in the last quarter. PharVision Advisers LLC acquired a new stake in shares of Fiverr International during the second quarter valued at $234,000. MQS Management LLC acquired a new stake in shares of Fiverr International during the second quarter valued at $248,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Fiverr International during the second quarter valued at $262,000. Hedge funds and other institutional investors own 59.00% of the company's stock.

Fiverr International Trading Up 2.5%

The firm has a market cap of $930.76 million, a price-to-earnings ratio of 54.06 and a beta of 1.35. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average of $23.75 and a 200 day moving average of $26.56.

Fiverr International (NYSE:FVRR - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.03). Fiverr International had a return on equity of 11.87% and a net margin of 4.34%.The firm had revenue of $108.65 million during the quarter, compared to analysts' expectations of $107.75 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The firm's revenue was up 14.7% on a year-over-year basis. Fiverr International has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts forecast that Fiverr International will post 1.04 earnings per share for the current fiscal year.

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.