BTIG Research Lowers Fiverr International (NYSE:FVRR) Price Target to $28.00

Fiverr International (NYSE:FVRR) had its price target reduced by stock analysts at BTIG Research from $30.00 to $28.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s target price points to a potential upside of 42.64% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Citigroup dropped their target price on shares of Fiverr International from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Piper Sandler lowered shares of Fiverr International from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $30.00 to $25.00 in a report on Thursday, February 22nd. JPMorgan Chase & Co. decreased their price target on shares of Fiverr International from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Fiverr International in a report on Thursday, February 22nd. Finally, Royal Bank of Canada decreased their price target on shares of Fiverr International from $30.00 to $26.00 and set a “sector perform” rating on the stock in a report on Friday, February 23rd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.36.

Fiverr International Price Performance

Shares of NYSE:FVRR opened at $19.63 on Thursday. The firm has a 50 day moving average of $22.59 and a 200-day moving average of $24.42. The stock has a market capitalization of $758.70 million, a PE ratio of 218.11 and a beta of 1.71. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.30. Fiverr International has a 12 month low of $18.83 and a 12 month high of $37.18.

Fiverr International (NYSE:FVRR) last issued its earnings results on Thursday, February 22nd. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.52 by $0.04. The company had revenue of $91.50 million during the quarter, compared to analysts’ expectations of $97.00 million. Fiverr International had a net margin of 1.02% and a return on equity of 3.71%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.19) EPS. On average, equities research analysts predict that Fiverr International will post 0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Fiverr International

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in shares of Fiverr International by 5.4% in the 1st quarter. Bank of New York Mellon Corp now owns 56,619 shares of the company’s stock valued at $4,308,000 after purchasing an additional 2,891 shares during the last quarter. Industrial Alliance Investment Management Inc. bought a new stake in shares of Fiverr International in the 1st quarter valued at $134,000. Power Corp of Canada bought a new stake in shares of Fiverr International in the 1st quarter valued at $304,000. Neuberger Berman Group LLC bought a new stake in shares of Fiverr International in the 1st quarter valued at $229,000. Finally, Captrust Financial Advisors boosted its stake in shares of Fiverr International by 32.4% in the 2nd quarter. Captrust Financial Advisors now owns 1,634 shares of the company’s stock valued at $56,000 after purchasing an additional 400 shares during the last quarter. 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.