Fiverr International (NYSE:FVRR) Price Target Raised to $36.00 at JMP Securities

Fiverr International (NYSE:FVRR) had its price objective hoisted by JMP Securities from $32.00 to $36.00 in a research note released on Thursday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group cut their target price on Fiverr International from $44.00 to $39.00 and set a “buy” rating on the stock in a report 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. Finally, Roth Mkm reiterated a “buy” rating and set a $32.00 price objective (up from $30.00) on shares of Fiverr International in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.60.

Fiverr International Price Performance

Shares of NYSE FVRR opened at $30.19 on Thursday. The company has a current ratio of 2.99, a quick ratio of 3.17 and a debt-to-equity ratio of 1.47. The firm’s 50-day moving average price is $24.62 and its 200-day moving average price is $23.75. The firm has a market capitalization of $1.17 billion, a P/E ratio of 116.12 and a beta of 1.68. Fiverr International has a 1-year low of $18.83 and a 1-year high of $32.68.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $99.63 million for the quarter, compared to the consensus estimate of $96.37 million. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. Equities research analysts anticipate that Fiverr International will post 0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. ARK Investment Management LLC grew its position in Fiverr International by 27.1% in the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock worth $2,568,000 after purchasing an additional 23,335 shares in the last quarter. Shaker Investments LLC OH purchased a new position in shares of Fiverr International in the 3rd quarter worth approximately $552,000. Engine Capital Management LP boosted its stake in shares of Fiverr International by 2.7% in the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after buying an additional 21,144 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Fiverr International by 21.5% in the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after acquiring an additional 7,307 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of Fiverr International during the first quarter valued at approximately $400,000. 59.00% of the stock is owned by 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.