Fiverr International (NYSE:FVRR) Stock Price Target Lowered at The Goldman Sachs Group

Fiverr International (NYSE:FVRR) had its target price reduced by investment analysts at The Goldman Sachs Group from $13.00 to $9.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group‘s target price indicates a potential upside of 6.32% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Oppenheimer cut Fiverr International from an “outperform” rating to a “market perform” rating in a report on Thursday, July 30th. Zacks Research raised Fiverr International from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen cut Fiverr International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Scotiabank downgraded Fiverr International from a “sector outperform” rating to a “sector perform” rating and set a $10.00 target price for the company. in a research report on Thursday, July 30th. Finally, Citigroup lowered their target price on Fiverr International from $15.00 to $11.50 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Eleven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $11.44.

Fiverr International Stock Up 0.2%

FVRR opened at $8.46 on Monday. The firm has a 50-day simple moving average of $8.87 and a two-hundred day simple moving average of $9.93. Fiverr International has a 52 week low of $8.31 and a 52 week high of $23.85. The company has a market capitalization of $304.32 million, a PE ratio of 10.45 and a beta of 1.51.

Fiverr International (NYSE:FVRR) last issued its earnings results on Tuesday, June 30th. The company reported $0.50 earnings per share (EPS) for the quarter. The firm had revenue of $97.78 million for the quarter. Fiverr International had a return on equity of 16.14% and a net margin of 7.18%. As a group, sell-side analysts expect that Fiverr International will post 0.88 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Altshuler Shaham Ltd grew its stake in shares of Fiverr International by 400.0% during the first quarter. Altshuler Shaham Ltd now owns 5,000 shares of the company’s stock valued at $50,000 after buying an additional 4,000 shares during the last quarter. Amundi purchased a new stake in shares of Fiverr International in the first quarter worth approximately $105,000. Maxi Investments CY Ltd purchased a new stake in shares of Fiverr International in the second quarter worth approximately $111,000. Independent Financial Group LLC bought a new stake in shares of Fiverr International during the 1st quarter worth approximately $131,000. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Fiverr International during the 1st quarter worth approximately $252,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

About Fiverr International

Fiverr International Ltd. operates an online marketplace that connects businesses and individual customers with freelancers offering digital services. The platform covers categories such as graphic design, digital marketing, writing and translation, video and animation, programming and technology, music and audio, business services, and consulting.

Fiverr’s marketplace is designed to support transactions between buyers and sellers, including service discovery, communication, payments, and delivery.