Fiverr International (NYSE:FVRR) Price Target Cut to $28.00 by Analysts at BTIG Research

Fiverr International (NYSE:FVRR - Get Free Report) had its price objective reduced by analysts at BTIG Research from $30.00 to $28.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. BTIG Research's price target suggests a potential upside of 41.27% from the company's current price.

A number of other equities analysts have also weighed in on FVRR. JPMorgan Chase & Co. decreased their price target on shares of Fiverr International from $35.00 to $30.00 and set a "neutral" rating on the stock in a report on Friday, February 23rd. Citigroup reduced their target price on shares of Fiverr International from $37.00 to $32.00 and set a "buy" rating on the stock in a report on Friday, February 23rd. The Goldman Sachs Group upgraded shares of Fiverr International from a "neutral" rating to a "buy" rating and set a $43.00 target price on the stock in a report on Friday, January 19th. Royal Bank of Canada reduced their target price on shares of Fiverr International from $30.00 to $26.00 and set a "sector perform" rating on the stock in a report on Friday, February 23rd. Finally, Needham & Company LLC restated a "buy" rating and set a $40.00 target price on shares of Fiverr International in a report on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Fiverr International has an average rating of "Moderate Buy" and a consensus price target of $34.36.

Fiverr International Trading Down 1.4 %

Shares of FVRR traded down $0.29 during mid-day trading on Thursday, reaching $19.82. The company had a trading volume of 583,261 shares, compared to its average volume of 991,964. The stock has a market cap of $766.04 million, a price-to-earnings ratio of 223.00 and a beta of 1.71. The firm has a fifty day simple moving average of $22.94 and a 200-day simple moving average of $24.49. Fiverr International has a fifty-two week low of $18.83 and a fifty-two week high of $37.18. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.30.

Fiverr International (NYSE:FVRR - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.04. The company had revenue of $91.50 million for the quarter, compared to analyst estimates of $97.00 million. Fiverr International had a net margin of 1.02% and a return on equity of 3.71%. Fiverr International's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.19) EPS. On average, sell-side analysts anticipate that Fiverr International will post 0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Fiverr International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FVRR. Coppell Advisory Solutions LLC purchased a new stake in Fiverr International during the 2nd quarter worth $44,000. Captrust Financial Advisors increased its stake in Fiverr International by 30.6% during the 2nd quarter. Captrust Financial Advisors now owns 1,612 shares of the company's stock worth $55,000 after buying an additional 378 shares during the period. Cary Street Partners Investment Advisory LLC increased its position in shares of Fiverr International by 134.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,517 shares of the company's stock worth $62,000 after purchasing an additional 1,443 shares during the last quarter. Vima LLC bought a new stake in shares of Fiverr International in the 4th quarter worth about $86,000. Finally, State of Tennessee Treasury Department bought a new stake in shares of Fiverr International in the 4th quarter worth about $118,000. Hedge funds and other institutional investors own 59.00% of the company's stock.

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.