Fiverr International (NYSE:FVRR) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Fiverr International (NYSE:FVRR) had its target price trimmed by JPMorgan Chase & Co. from $11.00 to $10.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research analysts also recently commented on FVRR. Scotiabank downgraded shares of Fiverr International from a “sector outperform” rating to a “sector perform” rating and set a $10.00 price target on the stock. in a research note on Thursday, July 30th. Wall Street Zen cut shares of Fiverr International from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $13.00 price objective (down from $26.00) on shares of Fiverr International in a research note on Thursday, July 30th. Weiss Ratings lowered shares of Fiverr International from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 29th. Finally, UBS Group decreased their target price on shares of Fiverr International from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Eleven analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $11.94.

Fiverr International Trading Down 3.2%

Shares of Fiverr International stock opened at $8.58 on Thursday. The firm has a market capitalization of $308.39 million, a PE ratio of 10.59 and a beta of 1.51. Fiverr International has a 12 month low of $8.31 and a 12 month high of $23.85. The business’s 50-day moving average price is $8.91 and its 200-day moving average price is $9.99.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.50 earnings per share for the quarter. The company 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, analysts predict that Fiverr International will post 0.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fiverr International

Several institutional investors have recently bought and sold shares of FVRR. Engine Capital Management LP grew its position in Fiverr International by 78.4% during the 1st quarter. Engine Capital Management LP now owns 1,338,644 shares of the company’s stock worth $13,413,000 after acquiring an additional 588,220 shares during the last quarter. Wellington Management Group LLP lifted its position in Fiverr International by 16.5% in the second quarter. Wellington Management Group LLP now owns 1,269,405 shares of the company’s stock valued at $13,100,000 after purchasing an additional 179,418 shares during the last quarter. Sparta 24 Ltd. purchased a new stake in shares of Fiverr International during the first quarter valued at approximately $9,410,000. Renaissance Technologies LLC boosted its stake in shares of Fiverr International by 26.0% during the first quarter. Renaissance Technologies LLC now owns 731,659 shares of the company’s stock valued at $7,331,000 after purchasing an additional 151,200 shares during the period. Finally, Rice Hall James & Associates LLC boosted its stake in shares of Fiverr International by 5.3% during the first quarter. Rice Hall James & Associates LLC now owns 304,628 shares of the company’s stock valued at $3,052,000 after purchasing an additional 15,331 shares during the period. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

Fiverr International Company Profile

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

Fiverr supports transactions between buyers and freelancers through tools for discovering services, communicating, managing projects, and completing payments.