Fiverr International (NYSE:FVRR) Price Target Raised to $32.00 at JPMorgan Chase & Co.

Fiverr International (NYSE:FVRR - Get Free Report) had its target price upped by analysts at JPMorgan Chase & Co. from $27.00 to $32.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 0.74% from the company's current price.

Several other equities analysts have also weighed in on the stock. Needham & Company LLC restated a "buy" rating and set a $36.00 price target on shares of Fiverr International in a research report on Thursday. JMP Securities downgraded shares of Fiverr International from an "outperform" rating to a "market perform" rating in a report on Thursday, February 20th. Scotiabank raised their price objective on shares of Fiverr International from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a report on Thursday. The Goldman Sachs Group raised their price objective on shares of Fiverr International from $41.00 to $47.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Citizens Jmp downgraded shares of Fiverr International from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $35.89.

Fiverr International Stock Up 3.3%

Shares of NYSE FVRR traded up $1.03 during trading on Friday, hitting $31.77. The stock had a trading volume of 689,958 shares, compared to its average volume of 721,416. Fiverr International has a 12 month low of $20.78 and a 12 month high of $36.11. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 2.99. The company has a market capitalization of $1.14 billion, a PE ratio of 67.59 and a beta of 1.67. The firm has a fifty day moving average of $25.50 and a two-hundred day moving average of $29.18.

Fiverr International announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Fiverr International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Huntington National Bank raised its stake in Fiverr International by 38.3% in the fourth quarter. Huntington National Bank now owns 1,465 shares of the company's stock valued at $46,000 after purchasing an additional 406 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Fiverr International by 134.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company's stock worth $33,000 after acquiring an additional 592 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Fiverr International by 5.9% during the fourth quarter. New York State Common Retirement Fund now owns 24,824 shares of the company's stock worth $788,000 after acquiring an additional 1,382 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Fiverr International during the fourth quarter worth approximately $57,000. Finally, Geode Capital Management LLC raised its stake in shares of Fiverr International by 12.6% during the third quarter. Geode Capital Management LLC now owns 26,472 shares of the company's stock worth $685,000 after acquiring an additional 2,961 shares in the last quarter. 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.