Citizens Jmp Downgrades Fiverr International (NYSE:FVRR) to Hold

Fiverr International (NYSE:FVRR) was downgraded by Citizens Jmp from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. 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. UBS Group boosted their price objective on shares of Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. BTIG Research lowered Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. JMP Securities cut shares of Fiverr International from an “outperform” rating to a “market perform” rating in a research report on Thursday. Finally, Citigroup raised their price target on Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Fiverr International currently has an average rating of “Hold” and an average target price of $33.20.

Fiverr International Trading Down 7.8 %

NYSE:FVRR opened at $27.89 on Thursday. Fiverr International has a one year low of $18.83 and a one year high of $36.11. 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 firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 59.33 and a beta of 1.69. The business has a fifty day moving average price of $32.16 and a 200-day moving average price of $28.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FVRR. Arkadios Wealth Advisors raised its holdings in Fiverr International by 22.0% during the fourth quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company’s stock worth $4,375,000 after purchasing an additional 24,839 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Fiverr International in the 3rd quarter valued at $683,000. Geode Capital Management LLC increased its stake in shares of 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 acquiring an additional 2,961 shares during the period. Huntington National Bank increased its position in Fiverr International by 35,200.0% during the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company’s stock worth $27,000 after purchasing an additional 1,056 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Fiverr International by 22.0% in the fourth quarter. Ameriprise Financial Inc. now owns 1,219,806 shares of the company’s stock worth $38,704,000 after acquiring an additional 219,957 shares in the last quarter. 59.00% of the stock is owned by institutional investors and hedge funds.

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.