Fiverr International (NYSE:FVRR) Raised to "Overweight" at JPMorgan Chase & Co.

Key Points

• Fiverr International has been upgraded by JPMorgan Chase & Co. from a "neutral" to an "overweight" rating, with a price target of $30.00, indicating a potential upside of 35.14% from its current price.
• The company reported $0.69 EPS for the last quarter, missing estimates by $0.03, while revenue increased by 14.7% year-over-year.
• Institutional investors now own 59.00% of Fiverr's shares, with significant increases in holdings by firms like Ameriprise Financial and Millennium Management.

Fiverr International (NYSE:FVRR - Get Free Report) was upgraded by stock analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a $30.00 price target on the stock, down from their previous price target of $32.00. JPMorgan Chase & Co.'s price objective points to a potential upside of 36.49% from the stock's previous close.

Several other research firms have also recently weighed in on FVRR. Citigroup increased their target price on shares of Fiverr International from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Wall Street Zen cut shares of Fiverr International from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 29th. Needham & Company LLC reduced their target price on shares of Fiverr International from $36.00 to $32.00 and set a "buy" rating for the company in a research note on Thursday. Scotiabank lifted their price objective on Fiverr International from $31.00 to $34.00 and gave the company a "sector outperform" rating in a report on Thursday, May 8th. Finally, The Goldman Sachs Group increased their target price on Fiverr International from $41.00 to $47.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Fiverr International currently has an average rating of "Moderate Buy" and a consensus target price of $33.13.

Fiverr International Stock Down 0.5%

NYSE:FVRR traded down $0.10 during trading hours on Thursday, reaching $21.98. The company's stock had a trading volume of 1,241,743 shares, compared to its average volume of 697,789. The company has a market cap of $787.85 million, a price-to-earnings ratio of 45.79 and a beta of 1.45. Fiverr International has a one year low of $20.83 and a one year high of $36.11. The business's 50-day moving average is $28.82 and its 200-day moving average is $28.24. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.32 and a quick ratio of 1.32.

Fiverr International (NYSE:FVRR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.03). The business had revenue of $108.65 million during the quarter, compared to the consensus estimate of $107.75 million. Fiverr International had a return on equity of 11.87% and a net margin of 4.34%. The company's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.58 earnings per share. Equities research analysts predict that Fiverr International will post 1.04 EPS for the current year.

Institutional Trading of Fiverr International

A number of hedge funds and other institutional investors have recently modified their holdings of FVRR. KLP Kapitalforvaltning AS bought a new position in shares of Fiverr International during the fourth quarter worth $187,000. Huntington National Bank lifted its position in Fiverr International by 38.3% in the 4th quarter. Huntington National Bank now owns 1,465 shares of the company's stock valued at $46,000 after acquiring an additional 406 shares in the last quarter. Jump Financial LLC lifted its position in Fiverr International by 594.7% in the 4th 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 in the last quarter. Ameriprise Financial Inc. lifted its position in Fiverr International by 22.0% in the 4th quarter. Ameriprise Financial Inc. now owns 1,219,806 shares of the company's stock valued at $38,704,000 after acquiring an additional 219,957 shares in the last quarter. Finally, Engine Capital Management LP lifted its position in Fiverr International by 2.3% in the 4th quarter. Engine Capital Management LP now owns 1,204,316 shares of the company's stock valued at $38,213,000 after acquiring an additional 27,003 shares in the last quarter. Institutional investors and hedge funds 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.