Fiverr International Ltd. (NYSE:FVRR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Fiverr International Ltd. (NYSE:FVRR) have earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $34.63.

Several analysts have weighed in on the company. Citizens Jmp cut Fiverr International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 20th. JMP Securities cut Fiverr International from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $35.00 price objective on shares of Fiverr International in a report on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and set a $36.00 target price on shares of Fiverr International in a report on Wednesday, February 19th. Finally, UBS Group increased their price target on shares of Fiverr International from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd.

Fiverr International Stock Performance

NYSE:FVRR opened at $25.36 on Friday. The company has a quick ratio of 2.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.06. The firm’s fifty day simple moving average is $30.60 and its 200 day simple moving average is $28.83. The stock has a market cap of $908.93 million, a P/E ratio of 53.95 and a beta of 1.93. Fiverr International has a twelve month low of $18.83 and a twelve month high of $36.11.

Institutional Investors Weigh In On Fiverr International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Huntington National Bank increased its holdings in shares of Fiverr International by 38.3% in the 4th quarter. Huntington National Bank now owns 1,465 shares of the company’s stock worth $46,000 after purchasing an additional 406 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Fiverr International by 134.9% during the fourth 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 during the last quarter. New York State Common Retirement Fund increased 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 worth $788,000 after buying an additional 1,382 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Fiverr International in the 4th quarter worth about $57,000. Finally, Geode Capital Management LLC raised its position in Fiverr International by 12.6% in the 3rd quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock worth $685,000 after buying an additional 2,961 shares during the last quarter. Institutional investors 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.