Needham & Company LLC Raises Fiverr International (NYSE:FVRR) Price Target to $38.00

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Fiverr International (NYSE:FVRR) had its price target lifted by Needham & Company LLC from $31.00 to $38.00 in a report published on Wednesday, The Fly reports. Needham & Company LLC currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on the company. UBS Group reduced their price target on Fiverr International from $29.00 to $24.00 and set a neutral rating for the company in a research report on Thursday, November 14th. Bank of America upgraded Fiverr International from a neutral rating to a buy rating and set a $30.00 price target for the company in a research report on Thursday, November 14th. Cantor Fitzgerald started coverage on Fiverr International in a research report on Wednesday, December 11th. They set a neutral rating and a $22.00 price target for the company. Finally, Zacks Investment Research cut Fiverr International from a buy rating to a hold rating in a research report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Fiverr International has an average rating of Buy and an average price target of $31.89.

Shares of FVRR stock opened at $33.71 on Wednesday. The stock has a 50 day moving average of $26.11 and a 200 day moving average of $22.95. The company has a current ratio of 2.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.09 billion and a P/E ratio of -28.57. Fiverr International has a twelve month low of $17.11 and a twelve month high of $44.25.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.23. The company had revenue of $29.50 million during the quarter, compared to analysts’ expectations of $28.70 million. Fiverr International had a negative return on equity of 21.74% and a negative net margin of 31.32%. The firm’s quarterly revenue was up 43.2% on a year-over-year basis. On average, research analysts predict that Fiverr International will post -1.49 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Fiverr International by 641.0% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 444,574 shares of the company’s stock worth $10,447,000 after purchasing an additional 384,574 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of Fiverr International by 71.3% during the fourth quarter. Lord Abbett & CO. LLC now owns 262,582 shares of the company’s stock worth $6,171,000 after purchasing an additional 109,274 shares in the last quarter. Altshuler Shaham Ltd increased its position in shares of Fiverr International by 75.9% during the fourth quarter. Altshuler Shaham Ltd now owns 5,100 shares of the company’s stock worth $118,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Fiverr International during the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 34.05% 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 approximately 200 categories in 8 verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, and lifestyle.

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Analyst Recommendations for Fiverr International (NYSE:FVRR)

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