Fiverr International (NYSE:FVRR) Earns “Sector Perform” Rating from Royal Bank of Canada

Fiverr International (NYSE:FVRR)‘s stock had its “sector perform” rating restated by stock analysts at Royal Bank of Canada in a report released on Thursday,Benzinga reports. They currently have a $35.00 price target on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 36.16% from the stock’s current price.

A number of other equities analysts have also commented on FVRR. Citigroup boosted their price objective on Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BTIG Research lowered Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. JMP Securities lowered Fiverr International from an “outperform” rating to a “market perform” rating in a research note on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $36.00 price objective on shares of Fiverr International in a research note on Wednesday. Finally, UBS Group boosted their price objective on Fiverr International from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Fiverr International currently has an average rating of “Hold” and a consensus target price of $33.20.

Fiverr International Price Performance

Shares of FVRR stock opened at $25.71 on Thursday. The stock’s fifty day simple moving average is $31.99 and its 200 day simple moving average is $28.67. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.99 and a quick ratio of 2.99. The firm has a market cap of $993.50 million, a price-to-earnings ratio of 54.69 and a beta of 1.69. Fiverr International has a one year low of $18.83 and a one year high of $36.11.

Institutional Investors Weigh In On Fiverr International

A number of institutional investors and hedge funds have recently made changes to their positions in FVRR. Huntington National Bank raised its position in shares of Fiverr International by 35,200.0% during the third quarter. Huntington National Bank now owns 1,059 shares of the company’s stock worth $27,000 after acquiring an additional 1,056 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Fiverr International by 134.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company’s stock valued at $33,000 after purchasing an additional 592 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Fiverr International in the fourth quarter valued at about $57,000. KLP Kapitalforvaltning AS bought a new stake in Fiverr International in the fourth quarter valued at about $187,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Fiverr International in the third quarter valued at about $683,000. Institutional investors own 59.00% of the company’s stock.

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.