Needham & Company LLC Reiterates "Buy" Rating for Fiverr International (NYSE:FVRR)

Needham & Company LLC reaffirmed their buy rating on shares of Fiverr International (NYSE:FVRR - Free Report) in a report released on Thursday morning, Benzinga reports. The brokerage currently has a $33.00 price objective on the stock.

A number of other equities analysts have also recently commented on FVRR. Piper Sandler cut shares of Fiverr International from an overweight rating to a neutral rating and cut their target price for the company from $30.00 to $25.00 in a report on Thursday, February 22nd. JMP Securities reissued a market outperform rating and issued a $40.00 price objective on shares of Fiverr International in a research note on Tuesday, January 30th. The Goldman Sachs Group raised Fiverr International from a neutral rating to a buy rating and set a $43.00 price target for the company in a research report on Friday, January 19th. JPMorgan Chase & Co. cut their price objective on shares of Fiverr International from $35.00 to $30.00 and set a neutral rating for the company in a research report on Friday, February 23rd. Finally, Citigroup decreased their target price on shares of Fiverr International from $37.00 to $32.00 and set a buy rating on the stock in a research report on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $33.73.

Fiverr International Stock Up 10.3 %

FVRR stock traded up $2.09 during mid-day trading on Thursday, reaching $22.41. The company had a trading volume of 2,547,867 shares, compared to its average volume of 970,702. The firm has a fifty day simple moving average of $21.12 and a 200 day simple moving average of $24.08. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.89 and a current ratio of 2.89. The company has a market capitalization of $866.24 million, a price-to-earnings ratio of 249.00 and a beta of 1.70. Fiverr International has a fifty-two week low of $18.83 and a fifty-two week high of $34.49.

Fiverr International (NYSE:FVRR - Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.04. Fiverr International had a net margin of 1.02% and a return on equity of 3.71%. The firm had revenue of $91.50 million during the quarter, compared to the consensus estimate of $97.00 million. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. The company's revenue was up 10.1% compared to the same quarter last year. Analysts forecast that Fiverr International will post 0.69 earnings per share for the current fiscal year.

Institutional Trading of Fiverr International

Institutional investors and hedge funds have recently modified their holdings of the business. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Fiverr International by 134.4% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,517 shares of the company's stock valued at $62,000 after acquiring an additional 1,443 shares during the period. Vima LLC acquired a new stake in shares of Fiverr International in the fourth quarter valued at approximately $86,000. Van ECK Associates Corp raised its holdings in shares of Fiverr International by 6.8% during the third quarter. Van ECK Associates Corp now owns 10,449 shares of the company's stock valued at $256,000 after buying an additional 665 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Fiverr International by 21.5% during the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company's stock worth $870,000 after buying an additional 7,307 shares during the period. Finally, Bullseye Asset Management LLC grew its holdings in Fiverr International by 7.3% in the 3rd quarter. Bullseye Asset Management LLC now owns 36,760 shares of the company's stock worth $900,000 after buying an additional 2,500 shares in the last quarter. 59.00% of the stock is owned by institutional investors and hedge funds.

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.