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 boosted by equities research analysts at JPMorgan Chase & Co. from $27.00 to $32.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential downside of 0.59% from the stock's current price.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group increased their price target on shares of Fiverr International from $41.00 to $47.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. JMP Securities cut shares of Fiverr International from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 20th. Royal Bank of Canada reiterated a "sector perform" rating and set a $35.00 price objective on shares of Fiverr International in a report on Thursday, February 20th. Citizens Jmp cut Fiverr International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $36.00 price target on shares of Fiverr International in a research note on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $35.89.

Fiverr International Trading Down 0.6%

NYSE FVRR traded down $0.21 on Friday, reaching $32.19. The company had a trading volume of 531,072 shares, compared to its average volume of 698,768. Fiverr International has a 52 week low of $20.77 and a 52 week high of $36.11. The stock's 50 day moving average is $25.76 and its 200-day moving average is $29.27. The company has a quick ratio of 2.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 68.49 and a beta of 1.67.

Fiverr International announced that its board has initiated a share buyback plan on Tuesday, March 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 10.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Institutional Trading of Fiverr International

Institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. grew its position 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 in the last quarter. Pier Capital LLC bought a new position in shares of Fiverr International in the 4th quarter valued at about $8,674,000. Millennium Management LLC grew its holdings in shares of Fiverr International by 169.9% in the 4th quarter. Millennium Management LLC now owns 305,886 shares of the company's stock valued at $9,706,000 after acquiring an additional 192,534 shares in the last quarter. Jump Financial LLC increased its position in shares of Fiverr International by 594.7% in the fourth quarter. Jump Financial LLC now owns 80,754 shares of the company's stock valued at $2,562,000 after acquiring an additional 69,129 shares during the last quarter. Finally, Engine Capital Management LP raised its holdings in Fiverr International by 2.3% during the fourth quarter. Engine Capital Management LP now owns 1,204,316 shares of the company's stock worth $38,213,000 after acquiring an additional 27,003 shares in the last quarter. Institutional investors own 59.00% of the company's stock.

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.