Fiverr International (NYSE:FVRR) Hits New 12-Month High Following Analyst Upgrade

Fiverr International Ltd. (NYSE:FVRR)’s stock price hit a new 52-week high on Tuesday after UBS Group raised their price target on the stock from $31.00 to $32.00. UBS Group currently has a neutral rating on the stock. Fiverr International traded as high as $33.99 and last traded at $33.66, with a volume of 270991 shares trading hands. The stock had previously closed at $32.78.

Several other equities research analysts have also weighed in on the stock. BTIG Research lowered shares of Fiverr International from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. JMP Securities raised 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. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 target price on shares of Fiverr International in a research note on Wednesday, October 30th. Finally, Citigroup increased their price target on Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Fiverr International has an average rating of “Moderate Buy” and an average price target of $32.30.

Institutional Investors Weigh In On Fiverr International

Several hedge funds and other institutional investors have recently made changes to their positions in FVRR. Huntington National Bank boosted its holdings in 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 during the last quarter. Van ECK Associates Corp boosted its stake in shares of Fiverr International by 18.4% in the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock valued at $332,000 after purchasing an additional 2,208 shares during the last quarter. Shaker Investments LLC OH acquired a new stake in shares of Fiverr International during the 3rd quarter worth approximately $552,000. Public Employees Retirement System of Ohio bought a new stake in shares of Fiverr International during the third quarter worth approximately $683,000. Finally, Geode Capital Management LLC lifted its holdings in 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 buying an additional 2,961 shares during the period. 59.00% of the stock is owned by institutional investors and hedge funds.

Fiverr International Trading Up 5.2 %

The business’s 50 day simple moving average is $27.19 and its 200-day simple moving average is $25.17. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.99 and a quick ratio of 2.99. The stock has a market capitalization of $1.33 billion, a P/E ratio of 132.58 and a beta of 1.69.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. The business had revenue of $99.63 million for the quarter, compared to analyst estimates of $96.37 million. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. As a group, analysts forecast that Fiverr International Ltd. will post 0.51 EPS for the current year.

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.