Fiverr International (NYSE:FVRR) Lowered to “Hold” Rating by Citizens Jmp

Citizens Jmp downgraded shares of Fiverr International (NYSE:FVRR) from a strong-buy rating to a hold rating in a research note published on Thursday,Zacks.com reports.

Several other equities research analysts also recently weighed in on FVRR. Citigroup raised their target price on shares of Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. UBS Group raised their target price on shares of Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $35.00 target price on shares of Fiverr International in a research note on Thursday. BTIG Research downgraded shares of Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $36.00 price objective on shares of Fiverr International in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Fiverr International currently has a consensus rating of “Hold” and an average target price of $33.20.

Fiverr International Stock Performance

Shares of FVRR stock opened at $27.89 on Thursday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 59.33 and a beta of 1.69. The company’s 50 day moving average is $32.16 and its 200 day moving average is $28.67. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 1.47. Fiverr International has a 52-week low of $18.83 and a 52-week high of $36.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio lifted its position in Fiverr International by 60.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 42,336 shares of the company’s stock valued at $1,343,000 after purchasing an additional 15,951 shares during the period. Millennium Management LLC lifted its position in Fiverr International by 169.9% during the fourth quarter. Millennium Management LLC now owns 305,886 shares of the company’s stock valued at $9,706,000 after purchasing an additional 192,534 shares during the period. Engine Capital Management LP lifted its position in Fiverr International by 2.3% during the fourth quarter. Engine Capital Management LP now owns 1,204,316 shares of the company’s stock valued at $38,213,000 after purchasing an additional 27,003 shares during the period. Ameriprise Financial Inc. lifted its position in Fiverr International by 22.0% during the fourth quarter. Ameriprise Financial Inc. now owns 1,219,806 shares of the company’s stock valued at $38,704,000 after purchasing an additional 219,957 shares during the period. Finally, Jump Financial LLC lifted its position in Fiverr International by 594.7% during the fourth quarter. Jump Financial LLC now owns 80,754 shares of the company’s stock valued at $2,562,000 after purchasing an additional 69,129 shares during the period. 59.00% of the stock is currently owned by institutional investors and hedge funds.

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.