Citigroup Increases Fiverr International (NYSE:FVRR) Price Target to $35.00

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Fiverr International (NYSE:FVRR) had its price objective hoisted by Citigroup from $29.00 to $35.00 in a research report released on Thursday morning, BenzingaRatingsTable reports. Citigroup currently has a neutral rating on the stock.

Other research analysts have also recently issued research reports about the company. UBS Group lifted their target price on Fiverr International from $27.00 to $31.00 and gave the company a neutral rating in a report on Thursday. Zacks Investment Research lowered Fiverr International from a buy rating to a hold rating in a research report on Tuesday, January 14th. JMP Securities raised their price objective on Fiverr International from $34.00 to $37.00 and gave the company a market outperform rating in a research report on Thursday. Bank of America raised Fiverr International from a neutral rating to a buy rating and set a $30.00 price objective on the stock in a research report on Thursday, November 14th. Finally, Cantor Fitzgerald initiated coverage on Fiverr International in a research report on Wednesday, December 11th. They issued a neutral rating and a $22.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $31.89.

Shares of FVRR stock traded down $1.47 during mid-day trading on Thursday, hitting $32.24. 1,001 shares of the company’s stock were exchanged, compared to its average volume of 383,602. Fiverr International has a fifty-two week low of $17.11 and a fifty-two week high of $44.25. The stock has a 50-day simple moving average of $26.11 and a two-hundred day simple moving average of $22.95. The company has a quick ratio of 2.66, a current ratio of 2.28 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.04 billion and a price-to-earnings ratio of -27.36.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. 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 acquiring an additional 384,574 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in Fiverr International by 71.3% in the fourth quarter. Lord Abbett & CO. LLC now owns 262,582 shares of the company’s stock valued at $6,171,000 after acquiring an additional 109,274 shares during the period. Altshuler Shaham Ltd boosted its stake in Fiverr International by 75.9% in the fourth quarter. Altshuler Shaham Ltd now owns 5,100 shares of the company’s stock valued at $118,000 after acquiring an additional 2,200 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in Fiverr International in the fourth quarter valued at approximately $37,000. 39.99% 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 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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