Fiverr International (NYSE:FVRR) Lowered to “Neutral” Rating by BTIG Research

BTIG Research downgraded shares of Fiverr International (NYSE:FVRR) from a buy rating to a neutral rating in a research report released on Monday, MarketBeat.com reports.

A number of other analysts have also recently issued reports on the stock. Roth Mkm reissued a “buy” rating and issued a $32.00 price objective (up from $30.00) on shares of Fiverr International in a research note on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Fiverr International in a research note on Wednesday, October 30th. The Goldman Sachs Group decreased their target price on 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 upped their price target on Fiverr International from $32.00 to $36.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Finally, Citigroup lifted their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Five 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $31.60.

Fiverr International Stock Down 6.7 %

FVRR opened at $28.16 on Monday. The firm’s 50 day simple moving average is $24.64 and its two-hundred day simple moving average is $23.83. The company has a market capitalization of $1.09 billion, a PE ratio of 108.31 and a beta of 1.68. Fiverr International has a 1-year low of $18.83 and a 1-year high of $32.68. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 1.47.

Fiverr International (NYSE:FVRR) last announced its earnings results on Wednesday, October 30th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. The company had revenue of $99.63 million for the quarter, compared to analysts’ expectations of $96.37 million. As a group, equities analysts forecast that Fiverr International will post 0.57 EPS for the current year.

Hedge Funds Weigh In On Fiverr International

Several institutional investors have recently bought and sold shares of the business. Shaker Investments LLC OH purchased a new position in Fiverr International during the third quarter worth $552,000. Engine Capital Management LP grew its stake in shares of Fiverr International by 2.7% during the second 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 last quarter. Van ECK Associates Corp raised its holdings 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 buying an additional 2,208 shares during the period. ARK Investment Management LLC boosted its holdings in Fiverr International by 27.1% during the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock valued at $2,568,000 after acquiring an additional 23,335 shares during the period. Finally, Swedbank AB bought a new position in Fiverr International in the 1st quarter valued at $400,000. 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.