UBS Group Forecasts Strong Price Appreciation for Fiverr International (NYSE:FVRR) Stock

Fiverr International (NYSE:FVRR) had its target price hoisted by equities research analysts at UBS Group from $31.00 to $32.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential downside of 9.77% from the stock’s current price.

Other analysts also recently issued research reports about the stock. JMP Securities boosted 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. Citigroup lifted their target price on shares of Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and set a $36.00 target price on shares of Fiverr International in a research report on Wednesday, October 30th. Finally, BTIG Research cut shares of Fiverr International from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.30.

Fiverr International Stock Up 2.9 %

FVRR stock opened at $35.47 on Tuesday. The company has a market cap of $1.37 billion, a P/E ratio of 136.40 and a beta of 1.69. Fiverr International has a 52 week low of $18.83 and a 52 week high of $35.98. The company’s 50-day moving average price is $27.38 and its 200 day moving average price is $25.24. 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 (NYSE:FVRR) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The firm had revenue of $99.63 million for the quarter, compared to the consensus estimate of $96.37 million. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. On average, research analysts expect that Fiverr International will post 0.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

Institutional investors have recently modified their holdings of the company. Huntington National Bank raised 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 buying an additional 1,056 shares during the last quarter. Van ECK Associates Corp increased its position in Fiverr International by 18.4% during the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after purchasing an additional 2,208 shares during the last quarter. Shaker Investments LLC OH acquired a new position in Fiverr International during the third quarter worth approximately $552,000. Public Employees Retirement System of Ohio acquired a new position in Fiverr International during the third quarter worth approximately $683,000. Finally, Geode Capital Management LLC increased its position in Fiverr International by 12.6% during the third quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock worth $685,000 after purchasing an additional 2,961 shares during 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.