Fiverr International (NYSE:FVRR) Reaches New 1-Year High After Analyst Upgrade

Fiverr International Ltd. (NYSE:FVRR) hit a new 52-week high during mid-day trading on Tuesday after UBS Group raised their price target on the stock from $31.00 to $32.00. UBS Group currently has a neutral rating on the stock. Fiverr International traded as high as $33.99 and last traded at $33.66, with a volume of 270991 shares changing hands. The stock had previously closed at $32.78.

FVRR has been the topic of a number of other research reports. Citigroup increased their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. BTIG Research lowered Fiverr International from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. JMP Securities boosted their target price on Fiverr International from $32.00 to $36.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price target on shares of Fiverr International in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.30.

Hedge Funds Weigh In On Fiverr International

A number of large investors have recently added to or reduced their stakes in FVRR. Huntington National Bank raised its position in Fiverr International by 35,200.0% in the 3rd 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 lifted its position in shares of Fiverr International by 18.4% in 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 in the last quarter. Geode Capital Management LLC boosted its holdings 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. California State Teachers Retirement System grew its position in Fiverr International by 9.5% in the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock valued at $749,000 after purchasing an additional 3,095 shares in the last quarter. Finally, Swedbank AB acquired a new stake in Fiverr International in the 1st quarter valued at $400,000. Institutional investors own 59.00% of the company’s stock.

Fiverr International Stock Up 2.7 %

The firm’s 50-day simple moving average is $26.86 and its 200 day simple moving average is $25.05. 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 stock has a market capitalization of $1.30 billion, a P/E ratio of 127.35 and a beta of 1.69.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. The firm had revenue of $99.63 million during the quarter, compared to analysts’ expectations of $96.37 million. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. As a group, research analysts expect that Fiverr International Ltd. will post 0.51 EPS for the current year.

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.