Fiverr International’s (FVRR) Sector Perform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Fiverr International (NYSE:FVRR) in a report published on Thursday morning,Benzinga reports. Royal Bank of Canada currently has a $35.00 target price on the stock.

A number of other brokerages also recently commented on FVRR. UBS Group raised 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. Needham & Company LLC restated a “buy” rating and issued a $36.00 price target on shares of Fiverr International in a research note on Wednesday. BTIG Research lowered Fiverr International from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. JMP Securities downgraded Fiverr International from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, Citigroup upped their price target on shares of Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $34.11.

Fiverr International Stock Down 7.7 %

Shares of Fiverr International stock opened at $25.71 on Thursday. The company has a market cap of $921.27 million, a P/E ratio of 54.69 and a beta of 1.69. The firm has a fifty day moving average of $31.99 and a two-hundred day moving average of $28.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.99 and a current ratio of 1.10. Fiverr International has a one year low of $18.83 and a one year high of $36.11.

Institutional Investors Weigh In On Fiverr International

Several institutional investors and hedge funds have recently made changes to their positions in FVRR. Pier Capital LLC purchased a new position in Fiverr International during the 4th quarter valued at about $8,674,000. Ameriprise Financial Inc. increased its stake in shares of Fiverr International by 22.0% during the 4th quarter. Ameriprise Financial Inc. now owns 1,219,806 shares of the company’s stock worth $38,704,000 after purchasing an additional 219,957 shares in the last quarter. Millennium Management LLC raised its position in shares of Fiverr International by 169.9% during the 4th quarter. Millennium Management LLC now owns 305,886 shares of the company’s stock worth $9,706,000 after purchasing an additional 192,534 shares during the last quarter. Jump Financial LLC lifted its stake in Fiverr International by 594.7% in the 4th quarter. Jump Financial LLC now owns 80,754 shares of the company’s stock valued at $2,562,000 after buying an additional 69,129 shares in the last quarter. Finally, Engine Capital Management LP grew its holdings in Fiverr International by 2.3% during the 4th quarter. Engine Capital Management LP now owns 1,204,316 shares of the company’s stock valued at $38,213,000 after buying an additional 27,003 shares during the last quarter. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

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.