JMP Securities Downgrades Fiverr International (NYSE:FVRR) to Market Perform

Fiverr International (NYSE:FVRR) was downgraded by research analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a report issued on Thursday,Briefing.com Automated Import reports.

Other equities analysts also recently issued reports about the stock. BTIG Research lowered shares of Fiverr International from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. UBS Group boosted their price target on shares of Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Citigroup increased their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $36.00 price objective on shares of Fiverr International in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Fiverr International presently has a consensus rating of “Hold” and a consensus target price of $32.30.

Fiverr International Price Performance

FVRR stock opened at $30.13 on Thursday. 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 12 month low of $18.83 and a 12 month high of $36.11. The stock has a market cap of $1.16 billion, a PE ratio of 115.90 and a beta of 1.69. The company has a 50-day moving average price of $32.29 and a 200 day moving average price of $28.67.

Institutional Trading of Fiverr International

Several institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its stake in Fiverr International by 134.9% in the 4th quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company’s stock valued at $33,000 after buying an additional 592 shares in the last quarter. Huntington National Bank lifted its position 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 valued at $27,000 after acquiring an additional 1,056 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Fiverr International in the fourth quarter worth approximately $57,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Fiverr International during the fourth quarter worth approximately $187,000. Finally, New York State Common Retirement Fund lifted its holdings in Fiverr International by 5.9% in the 4th quarter. New York State Common Retirement Fund now owns 24,824 shares of the company’s stock valued at $788,000 after purchasing an additional 1,382 shares in the last quarter. Institutional investors and hedge funds 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.