Needham & Company LLC Has Lowered Expectations for Fiverr International (NYSE:FVRR) Stock Price

Key Points

• Needham & Company LLC has reduced its price target for Fiverr International (NYSE:FVRR) from $36.00 to $32.00, while maintaining a "buy" rating, indicating a potential upside of 43.77%.
• Multiple analysts have varying views on Fiverr, with Goldman Sachs increasing its target to $47.00 and Citigroup raising theirs to $40.00, while Wall Street Zen and others have downgraded their ratings.
• Fiverr International's recent quarterly earnings missed consensus estimates, reporting $0.69 earnings per share against an expected $0.72, despite a revenue increase of 14.7% year-over-year.

Fiverr International (NYSE:FVRR - Free Report) had its price objective decreased by Needham & Company LLC from $36.00 to $32.00 in a research note released on Thursday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised their target price on Fiverr International from $27.00 to $32.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Citigroup upped their target price on shares of Fiverr International from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. The Goldman Sachs Group lifted 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. Wall Street Zen downgraded shares of Fiverr International from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 29th. Finally, Scotiabank boosted their price target on Fiverr International from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a research report on Thursday, May 8th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Fiverr International presently has a consensus rating of "Moderate Buy" and an average target price of $33.13.

Fiverr International Trading Up 0.0%

NYSE FVRR traded up $0.01 on Thursday, hitting $22.09. The company's stock had a trading volume of 1,110,498 shares, compared to its average volume of 903,036. The firm has a market cap of $791.71 million, a P/E ratio of 46.02 and a beta of 1.45. Fiverr International has a 52-week low of $20.83 and a 52-week high of $36.11. The company's 50-day simple moving average is $28.82 and its 200 day simple moving average is $28.28. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 0.07.

Fiverr International (NYSE:FVRR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.03). Fiverr International had a return on equity of 11.87% and a net margin of 4.34%. The business 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 business earned $0.58 EPS. The business's revenue was up 14.7% compared to the same quarter last year. Research analysts predict that Fiverr International will post 1.04 EPS for the current fiscal year.

Institutional Trading of Fiverr International

A number of institutional investors have recently bought and sold shares of the stock. Huntington National Bank raised its holdings in shares of Fiverr International by 38.3% during 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. KLP Kapitalforvaltning AS purchased a new stake in Fiverr International in the 4th quarter worth approximately $187,000. MQS Management LLC purchased a new stake in Fiverr International in the 2nd quarter worth approximately $248,000. Envestnet Asset Management Inc. acquired a new stake in shares of Fiverr International during the 2nd quarter worth approximately $262,000. Finally, Quantbot Technologies LP increased its holdings 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 in the last quarter. 59.00% of the stock is currently owned by institutional investors and hedge funds.

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.