Fiverr International (NYSE:FVRR) Reaches New 12-Month High After Analyst Upgrade

Fiverr International Ltd. (NYSE:FVRR)’s stock price hit a new 52-week high during mid-day trading on Tuesday after UBS Group raised their price target on the stock from $31.00 to $32.00. UBS Group currently has a neutral rating on the stock. Fiverr International traded as high as $33.99 and last traded at $33.66, with a volume of 270991 shares changing hands. The stock had previously closed at $32.78.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price target on shares of Fiverr International in a report on Wednesday, October 30th. Citigroup lifted their target price on shares of Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JMP Securities increased their price target on shares of Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Finally, BTIG Research cut Fiverr International from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $32.30.

Hedge Funds Weigh In On Fiverr International

A number of institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank raised its holdings in Fiverr International by 35,200.0% in the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company’s stock valued at $27,000 after buying an additional 1,056 shares during the last quarter. Van ECK Associates Corp grew its stake 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 purchasing an additional 2,208 shares during the last quarter. Swedbank AB acquired a new stake in Fiverr International in the first quarter valued at $400,000. Shaker Investments LLC OH bought a new position in Fiverr International during the 3rd quarter worth $552,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Fiverr International during the 3rd quarter worth about $683,000. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Fiverr International Price Performance

The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 1.47. The stock has a market cap of $1.30 billion, a P/E ratio of 127.35 and a beta of 1.69. The business has a 50-day simple moving average of $26.86 and a 200 day simple moving average of $25.05.

Fiverr International (NYSE:FVRR) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. The firm had revenue of $99.63 million during the quarter, compared to analyst estimates of $96.37 million. On average, analysts forecast that Fiverr International Ltd. will post 0.51 earnings per share for the current year.

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.