BTIG Research Downgrades Fiverr International (NYSE:FVRR) to Neutral

Fiverr International (NYSE:FVRR) was downgraded by equities researchers at BTIG Research from a “buy” rating to a “neutral” rating in a research note issued on Monday, Marketbeat Ratings reports.

FVRR has been the topic of a number of other reports. 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 research report on Thursday, August 1st. Roth Mkm reiterated a “buy” rating and set a $32.00 price objective (up from $30.00) on shares of Fiverr International in a research note on Thursday, August 1st. JMP Securities boosted their target price on shares of Fiverr International from $32.00 to $36.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Citigroup increased their price target on shares of Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $36.00 price objective on shares of Fiverr International in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fiverr International currently has a consensus rating of “Moderate Buy” and an average price target of $31.60.

Fiverr International Price Performance

Shares of FVRR stock opened at $29.00 on Monday. The firm has a fifty day simple moving average of $24.70 and a 200-day simple moving average of $23.90. The company has a market capitalization of $1.12 billion, a PE ratio of 111.54 and a beta of 1.68. Fiverr International has a twelve month low of $18.83 and a twelve month 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 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $96.37 million. Equities research analysts anticipate that Fiverr International will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of Fiverr International

Hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp grew its stake in Fiverr International by 18.4% during the 2nd 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 last quarter. Swedbank AB acquired a new position in shares of Fiverr International during the first quarter valued at $400,000. Shaker Investments LLC OH bought a new position in shares of Fiverr International during the third quarter worth about $552,000. California State Teachers Retirement System increased its holdings in shares of Fiverr International by 9.5% in the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after acquiring an additional 3,095 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in Fiverr International by 21.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after purchasing an additional 7,307 shares during the period. 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.