Fiverr International (NYSE:FVRR) Price Target Raised to $31.00 at UBS Group

Share on StockTwits

Fiverr International (NYSE:FVRR) had its price target hoisted by UBS Group from $27.00 to $31.00 in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also issued reports on FVRR. Cantor Fitzgerald began coverage on Fiverr International in a report on Wednesday, December 11th. They issued a neutral rating and a $22.00 price objective for the company. Bank of America raised Fiverr International from a neutral rating to a buy rating and set a $30.00 price objective for the company in a report on Thursday, November 14th. Zacks Investment Research lowered Fiverr International from a buy rating to a hold rating in a report on Tuesday, January 14th. Needham & Company LLC increased their price objective on Fiverr International from $31.00 to $38.00 and gave the stock a buy rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. raised Fiverr International from a neutral rating to an overweight rating and increased their price objective for the stock from $28.00 to $37.00 in a report on Thursday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Fiverr International has an average rating of Buy and a consensus price target of $31.89.

NYSE:FVRR opened at $33.71 on Thursday. The firm has a market capitalization of $1.04 billion and a PE ratio of -28.57. The stock has a 50 day moving average of $26.11 and a 200-day moving average of $22.95. Fiverr International has a 52 week low of $17.11 and a 52 week high of $44.25. The company has a current ratio of 2.28, a quick ratio of 2.66 and a debt-to-equity ratio of 0.04.

Fiverr International (NYSE:FVRR) last posted its earnings results on Wednesday, February 19th. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.23. The company had revenue of $29.50 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 43.2% compared to the same quarter last year. As a group, analysts predict that Fiverr International will post -1.49 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of FVRR. Marshall Wace North America L.P. bought a new position in Fiverr International during the 4th quarter valued at $37,000. Altshuler Shaham Ltd boosted its stake in Fiverr International by 75.9% during the 4th quarter. Altshuler Shaham Ltd now owns 5,100 shares of the company’s stock valued at $118,000 after purchasing an additional 2,200 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in Fiverr International by 71.3% during the 4th quarter. Lord Abbett & CO. LLC now owns 262,582 shares of the company’s stock valued at $6,171,000 after purchasing an additional 109,274 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in Fiverr International by 641.0% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 444,574 shares of the company’s stock valued at $10,447,000 after purchasing an additional 384,574 shares in the last quarter. 39.99% of the stock is owned by hedge funds and other institutional investors.

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.

Read More: Trading Ex-Dividend Strategy

Analyst Recommendations for Fiverr International (NYSE:FVRR)

Receive News & Ratings for Fiverr International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiverr International and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.