Fiverr International (NYSE:FVRR) Price Target Lowered to $25.00 at UBS Group

Key Points

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Fiverr International (NYSE:FVRR - Free Report) had its price objective cut by UBS Group from $32.00 to $25.00 in a report issued on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also weighed in on the company. Wall Street Zen lowered Fiverr International from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 29th. Scotiabank lifted their price objective on shares of Fiverr International from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research report on Thursday, May 8th. Needham & Company LLC dropped their target price on shares of Fiverr International from $36.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday. Citigroup boosted their price target on shares of Fiverr International from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. raised Fiverr International from a "neutral" rating to an "overweight" rating and reduced their price objective for the stock from $32.00 to $30.00 in a research note on Thursday. Five equities 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.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $33.13.

Fiverr International Stock Performance

Shares of Fiverr International stock traded down $0.10 on Thursday, hitting $21.98. 1,241,743 shares of the company's stock were exchanged, compared to its average volume of 958,582. The company has a 50-day simple moving average of $28.82 and a 200-day simple moving average of $28.24. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.32 and a current ratio of 1.32. Fiverr International has a 1 year low of $20.83 and a 1 year high of $36.11. The stock has a market capitalization of $787.76 million, a PE ratio of 45.79 and a beta of 1.45.

Fiverr International (NYSE:FVRR - Get Free Report) last released 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). Fiverr International had a return on equity of 11.87% and a net margin of 4.34%. The firm had revenue of $108.65 million for the quarter, compared to the consensus estimate of $107.75 million. During the same quarter in the previous year, the business posted $0.58 EPS. Fiverr International's revenue was up 14.7% on a year-over-year basis. As a group, equities analysts anticipate that Fiverr International will post 1.04 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Huntington National Bank lifted its stake in shares of Fiverr International by 38.3% during the 4th quarter. Huntington National Bank now owns 1,465 shares of the company's stock worth $46,000 after acquiring an additional 406 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Fiverr International by 7.4% during 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 buying an additional 1,157 shares in the last quarter. Assetmark Inc. purchased a new stake in Fiverr International in the 2nd quarter valued at about $41,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Fiverr International in the fourth quarter valued at approximately $187,000. Finally, Legal Advantage Investments Inc. grew its stake in Fiverr International by 43.5% in the second quarter. Legal Advantage Investments Inc. now owns 19,800 shares of the company's stock worth $581,000 after purchasing an additional 6,000 shares in the last quarter. 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.