Royal Bank Of Canada Cuts Fiverr International (NYSE:FVRR) Price Target to $28.00

Key Points

• Royal Bank Of Canada has reduced its price target for Fiverr International from $35.00 to $28.00, indicating a potential upside of 26.87% from the stock's current price.
• Multiple analysts have issued conflicting ratings; while Needham cut its price target to $32.00 with a "buy" rating, Citigroup increased its target to $40.00, also maintaining a "buy" rating.
• Fiverr reported $0.69 earnings per share, missing estimates of $0.72, but achieved a revenue of $108.65 million, surpassing expectations of $107.75 million.

Fiverr International (NYSE:FVRR - Get Free Report) had its price objective reduced by research analysts at Royal Bank Of Canada from $35.00 to $28.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 25.20% from the stock's previous close.

A number of other equities analysts have also commented on FVRR. Citigroup boosted their price objective on shares of Fiverr International from $39.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. UBS Group cut their price objective on shares of Fiverr International from $32.00 to $25.00 and set a "neutral" rating on the stock in a report on Thursday. Wall Street Zen lowered shares of Fiverr International from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 29th. The Goldman Sachs Group boosted their price objective on shares of Fiverr International from $41.00 to $47.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Scotiabank boosted their price objective on shares of Fiverr International from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $33.13.

Fiverr International Stock Up 1.3%

Shares of NYSE:FVRR traded up $0.29 during midday trading on Thursday, hitting $22.37. 120,432 shares of the company's stock traded hands, compared to its average volume of 689,838. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market cap of $801.65 million, a PE ratio of 46.61 and a beta of 1.45. The firm's fifty day moving average price is $28.82 and its two-hundred day moving average price is $28.24. Fiverr International has a twelve month low of $20.83 and a twelve month high of $36.11.

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

Institutional Investors Weigh In On Fiverr International

A number of institutional investors have recently modified their holdings of the stock. Huntington National Bank raised its stake in shares of 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 purchasing an additional 406 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Fiverr International by 7.4% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 16,752 shares of the company's stock valued at $491,000 after purchasing an additional 1,157 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Fiverr International in the 4th quarter valued at about $187,000. Legal Advantage Investments Inc. raised its stake in shares of Fiverr International by 43.5% in the 2nd quarter. Legal Advantage Investments Inc. now owns 19,800 shares of the company's stock valued at $581,000 after purchasing an additional 6,000 shares in the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Fiverr International in the 2nd quarter valued at about $248,000. 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.