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

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

Several other equities analysts have also recently weighed in on FVRR. The Goldman Sachs Group lifted their price objective on Fiverr International from $41.00 to $47.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Citigroup upped their price objective on Fiverr International from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Wall Street Zen downgraded Fiverr International from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 29th. Needham & Company LLC decreased their target price on Fiverr International from $36.00 to $32.00 and set a "buy" rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. raised Fiverr International from a "neutral" rating to an "overweight" rating and reduced their price objective for the company 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 given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $33.13.

Fiverr International Stock Up 0.0%

Shares of NYSE FVRR traded up $0.01 during trading on Thursday, reaching $22.09. 1,110,498 shares of the stock were exchanged, compared to its average volume of 958,582. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.07. Fiverr International has a twelve month low of $20.83 and a twelve month high of $36.11. The business's 50-day moving average price is $28.82 and its 200 day moving average price is $28.24. The company has a market capitalization of $791.79 million, a price-to-earnings ratio of 46.02 and a beta of 1.45.

Fiverr International (NYSE:FVRR - Get Free Report) last posted its quarterly earnings data 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 net margin of 4.34% and a return on equity of 11.87%. The firm had revenue of $108.65 million for the quarter, compared to analysts' expectations of $107.75 million. During the same period in the prior year, the company posted $0.58 earnings per share. Fiverr International's quarterly revenue was up 14.7% compared to the same quarter last year. As a group, equities analysts forecast that Fiverr International will post 1.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Fiverr International

Large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its stake in shares of Fiverr International by 53.3% during the first quarter. Ameriprise Financial Inc. now owns 1,870,478 shares of the company's stock worth $44,293,000 after buying an additional 650,672 shares during the last quarter. Millennium Management LLC increased its stake in Fiverr International by 169.9% in the fourth quarter. Millennium Management LLC now owns 305,886 shares of the company's stock valued at $9,706,000 after purchasing an additional 192,534 shares in the last quarter. Jump Financial LLC increased its stake in Fiverr International by 594.7% in the fourth quarter. Jump Financial LLC now owns 80,754 shares of the company's stock valued at $2,562,000 after purchasing an additional 69,129 shares in the last quarter. BloombergSen Inc. increased its stake in Fiverr International by 142.4% in the second quarter. BloombergSen Inc. now owns 96,252 shares of the company's stock valued at $2,823,000 after purchasing an additional 56,538 shares in the last quarter. Finally, Engine Capital Management LP increased its stake in Fiverr International by 2.3% in the fourth quarter. Engine Capital Management LP now owns 1,204,316 shares of the company's stock valued at $38,213,000 after purchasing an additional 27,003 shares in the last quarter. 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.