Fiverr International Ltd. (NYSE:FVRR) Receives $35.89 Average PT from Brokerages

Fiverr International Ltd. (NYSE:FVRR) has earned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $36.00.

A number of analysts recently weighed in on FVRR shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Fiverr International in a research note on Thursday, May 8th. The Goldman Sachs Group increased their price target on shares of Fiverr International from $41.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Citigroup increased their price target on shares of Fiverr International from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. JMP Securities lowered shares of Fiverr International from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 20th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $35.00 price target on shares of Fiverr International in a research report on Thursday, February 20th.

Hedge Funds Weigh In On Fiverr International

Hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp increased its holdings 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 acquiring an additional 592 shares in the last quarter. Huntington National Bank increased its holdings in shares of Fiverr International by 38.3% during the fourth quarter. Huntington National Bank now owns 1,465 shares of the company’s stock valued at $46,000 after acquiring an additional 406 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Fiverr International during the fourth quarter valued at about $57,000. KLP Kapitalforvaltning AS acquired a new position in shares of Fiverr International during the fourth quarter valued at about $187,000. Finally, Quantbot Technologies LP increased its holdings in shares of Fiverr International by 5,825.9% during the first quarter. Quantbot Technologies LP now owns 11,911 shares of the company’s stock valued at $282,000 after acquiring an additional 11,710 shares in the last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.

Fiverr International Stock Down 2.5%

NYSE:FVRR opened at $32.90 on Friday. Fiverr International has a 1-year low of $20.78 and a 1-year high of $36.11. The company has a 50-day moving average of $27.13 and a 200 day moving average of $29.55. The firm has a market cap of $1.18 billion, a PE ratio of 70.00 and a beta of 1.67. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 2.99.

Fiverr International declared that its board has initiated a stock buyback plan on Tuesday, March 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.