UBS Group Raises Fiverr International (NYSE:FVRR) Price Target to $32.00

Fiverr International (NYSE:FVRR) had its price target raised by UBS Group from $31.00 to $32.00 in a report published on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price target on shares of Fiverr International in a research note on Wednesday, October 30th. Citigroup upped their target price on shares of Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. BTIG Research lowered Fiverr International from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Finally, JMP Securities upped their price objective on Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Fiverr International currently has a consensus rating of “Moderate Buy” and an average price target of $32.30.

Fiverr International Trading Up 5.2 %

Shares of Fiverr International stock opened at $34.47 on Tuesday. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 1.47. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 132.58 and a beta of 1.69. Fiverr International has a twelve month low of $18.83 and a twelve month high of $34.98. The business has a 50-day moving average price of $27.19 and a 200-day moving average price of $25.17.

Fiverr International (NYSE:FVRR) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. The business had revenue of $99.63 million during the quarter, compared to analysts’ expectations of $96.37 million. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. Equities research analysts anticipate that Fiverr International will post 0.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Fiverr International in the third quarter worth approximately $683,000. ARK Investment Management LLC increased its stake in Fiverr International by 27.1% in the second quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock worth $2,568,000 after purchasing an additional 23,335 shares during the period. Shaker Investments LLC OH bought a new stake in shares of Fiverr International during the third quarter worth $552,000. Engine Capital Management LP boosted its stake in shares of Fiverr International by 2.7% during the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock valued at $19,079,000 after purchasing an additional 21,144 shares during the period. Finally, California State Teachers Retirement System grew its holdings in shares of Fiverr International by 9.5% in the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after purchasing an additional 3,095 shares during 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.