Fiverr International (NYSE:FVRR) Given New $32.00 Price Target at UBS Group

Fiverr International (NYSE:FVRR) had its price objective boosted by UBS Group from $31.00 to $32.00 in a research note released on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

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

Fiverr International Price Performance

NYSE FVRR opened at $34.10 on Tuesday. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 1.47. Fiverr International has a 1 year low of $18.83 and a 1 year high of $35.98. The company has a market cap of $1.32 billion, a PE ratio of 131.16 and a beta of 1.69. The stock’s 50-day moving average price is $27.55 and its two-hundred day moving average price is $25.30.

Fiverr International (NYSE:FVRR) last issued its earnings results on Wednesday, October 30th. The company reported $0.28 EPS for the quarter, topping 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%. On average, analysts predict that Fiverr International will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Huntington National Bank increased its stake in shares of Fiverr International by 35,200.0% in the third quarter. Huntington National Bank now owns 1,059 shares of the company’s stock worth $27,000 after purchasing an additional 1,056 shares during the period. Van ECK Associates Corp increased its position in Fiverr International by 18.4% in the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after buying an additional 2,208 shares during the period. Shaker Investments LLC OH bought a new position in Fiverr International in the 3rd quarter worth approximately $552,000. Public Employees Retirement System of Ohio acquired a new position in shares of Fiverr International during the third quarter worth approximately $683,000. Finally, Geode Capital Management LLC boosted its position in shares of Fiverr International by 12.6% in the third quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock valued at $685,000 after acquiring an additional 2,961 shares during the period. 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.