Royal Bank Of Canada Lowers 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 dropped by investment analysts at Royal Bank Of Canada from $35.00 to $28.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price suggests a potential upside of 26.75% from the stock's previous close.

A number of other brokerages have also commented on FVRR. The Goldman Sachs Group raised their target price on shares of Fiverr International from $41.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Citigroup raised 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. JPMorgan Chase & Co. raised shares of Fiverr International from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $32.00 to $30.00 in a research report on Thursday. UBS Group reduced their target price on shares of Fiverr International from $32.00 to $25.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Scotiabank raised their target price on shares of 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 research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Fiverr International currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.13.

Fiverr International Trading Up 0.0%

NYSE FVRR traded up $0.01 during trading on Thursday, hitting $22.09. The stock had a trading volume of 1,110,498 shares, compared to its average volume of 903,036. The stock has a market capitalization of $791.71 million, a price-to-earnings ratio of 46.02 and a beta of 1.45. The stock has a 50 day simple moving average of $28.82 and a 200 day simple moving average of $28.31. Fiverr International has a one year low of $20.83 and a one year high of $36.11. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.20 and a current ratio of 1.32.

Fiverr International (NYSE:FVRR - Get Free Report) last issued its 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). The company had revenue of $108.65 million for the quarter, compared to analysts' expectations of $107.75 million. Fiverr International had a return on equity of 11.87% and a net margin of 4.34%. The business's revenue was up 14.7% compared to the same quarter last year. During the same period last year, the business posted $0.58 earnings per share. Sell-side analysts predict that Fiverr International will post 1.04 earnings per share for the current year.

Hedge Funds Weigh In On Fiverr International

Institutional investors have recently bought and sold shares of the business. Huntington National Bank grew its holdings in Fiverr International by 38.3% in 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 position in Fiverr International in the fourth quarter worth $187,000. MQS Management LLC purchased a new position in Fiverr International in the second quarter worth $248,000. Envestnet Asset Management Inc. purchased a new position in Fiverr International in the second quarter worth $262,000. Finally, Quantbot Technologies LP grew its holdings in Fiverr International by 5,825.9% in the first quarter. Quantbot Technologies LP now owns 11,911 shares of the company's stock worth $282,000 after purchasing an additional 11,710 shares during the last quarter. 59.00% of the stock is owned by hedge funds and other institutional investors.

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.