The Goldman Sachs Group Cuts Fiverr International (NYSE:FVRR) Price Target to $39.00

Fiverr International (NYSE:FVRR) had its price objective dropped by investment analysts at The Goldman Sachs Group from $44.00 to $39.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 69.86% from the stock’s previous close.

A number of other research analysts have also weighed in on FVRR. Needham & Company LLC reissued a “buy” rating and issued a $36.00 price objective on shares of Fiverr International in a report on Wednesday. BTIG Research dropped their target price on Fiverr International from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, UBS Group lowered Fiverr International from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $37.00 to $25.00 in a report on Tuesday, July 2nd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Fiverr International currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.82.

Fiverr International Stock Performance

Shares of FVRR stock traded down $3.15 during mid-day trading on Thursday, reaching $22.96. The stock had a trading volume of 854,897 shares, compared to its average volume of 929,066. The business’s fifty day moving average is $23.50 and its 200-day moving average is $23.49. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 1.23. The firm has a market cap of $887.40 million, a price-to-earnings ratio of 104.36 and a beta of 1.71. Fiverr International has a 1-year low of $18.83 and a 1-year high of $34.49.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The firm had revenue of $93.52 million during the quarter, compared to analyst estimates of $92.45 million. Fiverr International had a net margin of 2.38% and a return on equity of 4.87%. On average, research analysts forecast that Fiverr International will post 0.45 earnings per share for the current year.

Hedge Funds Weigh In On Fiverr International

A number of hedge funds have recently bought and sold shares of FVRR. Engine Capital Management LP purchased a new position in Fiverr International during the fourth quarter worth approximately $19,193,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Fiverr International by 144.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 862,955 shares of the company’s stock valued at $23,490,000 after acquiring an additional 510,000 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Fiverr International in the fourth quarter valued at approximately $924,000. Arkadios Wealth Advisors lifted its position in shares of Fiverr International by 28.0% in the first quarter. Arkadios Wealth Advisors now owns 117,105 shares of the company’s stock valued at $2,467,000 after acquiring an additional 25,613 shares in the last quarter. Finally, ARK Investment Management LLC lifted its position in shares of Fiverr International by 27.1% in the second 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 in the last quarter. Hedge funds and other institutional investors own 59.00% of the company’s stock.

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.