BTIG Research Downgrades Fiverr International (NYSE:FVRR) to Neutral

BTIG Research cut shares of Fiverr International (NYSE:FVRR) from a buy rating to a neutral rating in a report published on Monday morning, MarketBeat Ratings reports.

A number of other equities analysts also recently commented on FVRR. Roth Mkm restated a “buy” rating and set a $32.00 target price (up previously from $30.00) on shares of Fiverr International in a report on Thursday, August 1st. The Goldman Sachs Group cut their target price on shares of Fiverr International from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. 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. Citigroup lifted their price objective on Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $36.00 target price on shares of Fiverr International in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $31.60.

Fiverr International Price Performance

FVRR stock opened at $29.55 on Monday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.99 and a current ratio of 2.99. The firm has a market cap of $1.14 billion, a P/E ratio of 114.31 and a beta of 1.68. The firm’s fifty day moving average is $24.80 and its 200 day moving average is $23.94. Fiverr International has a 52 week low of $18.83 and a 52 week high of $32.68.

Fiverr International (NYSE:FVRR) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.28 EPS for the quarter, topping the consensus estimate 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 return on equity of 7.10% and a net margin of 2.67%. Research analysts predict that Fiverr International will post 0.57 earnings per share for the current year.

Institutional Trading of Fiverr International

A number of large investors have recently made changes to their positions in FVRR. Engine Capital Management LP lifted its holdings in shares of Fiverr International by 2.7% during the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock valued at $19,079,000 after buying an additional 21,144 shares during the period. ARK Investment Management LLC boosted its holdings in shares of Fiverr International by 27.1% in the second quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock worth $2,568,000 after buying an additional 23,335 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Fiverr International by 21.5% during the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after buying an additional 7,307 shares during the period. California State Teachers Retirement System increased its holdings in Fiverr International by 9.5% during the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock valued at $749,000 after buying an additional 3,095 shares during the last quarter. Finally, Shaker Investments LLC OH bought a new position in Fiverr International in the third quarter worth approximately $552,000. 59.00% of the stock is currently owned by institutional investors.

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.