Fiverr International (NYSE:FVRR) PT Raised to $37.00 at JMP Securities

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Fiverr International (NYSE:FVRR) had its price target lifted by JMP Securities from $34.00 to $37.00 in a research note published on Thursday, BenzingaRatingsTable reports. The brokerage currently has a market outperform rating on the stock.

Several other equities analysts have also recently weighed in on the stock. UBS Group increased their price objective on shares of Fiverr International from $27.00 to $31.00 and gave the stock a neutral rating in a research note on Thursday. Zacks Investment Research cut shares of Fiverr International from a buy rating to a hold rating in a research note on Tuesday, January 14th. Needham & Company LLC raised their target price on shares of Fiverr International from $31.00 to $38.00 and gave the stock a buy rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. upgraded shares of Fiverr International from a neutral rating to an overweight rating and raised their target price for the stock from $28.00 to $37.00 in a research note on Thursday. Finally, Cantor Fitzgerald assumed coverage on shares of Fiverr International in a research note on Wednesday, December 11th. They set a neutral rating and a $22.00 target price on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $31.89.

Shares of FVRR stock opened at $33.71 on Thursday. Fiverr International has a one year low of $17.11 and a one year high of $44.25. The company’s 50-day moving average is $26.11 and its 200 day moving average is $22.95. The company has a market capitalization of $1.04 billion and a price-to-earnings ratio of -28.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.66 and a current ratio of 2.28.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings data 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. Fiverr International had a negative net margin of 31.32% and a negative return on equity of 21.74%. The company had revenue of $29.50 million for the quarter, compared to the consensus estimate of $28.70 million. The firm’s revenue for the quarter was up 43.2% compared to the same quarter last year. As a group, research analysts predict that Fiverr International will post -1.49 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. purchased a new position in shares of Fiverr International in the fourth quarter valued at $37,000. Altshuler Shaham Ltd grew its holdings in shares of 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 purchasing an additional 2,200 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of 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 purchasing an additional 109,274 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Fiverr International by 641.0% in the fourth 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. Institutional investors own 39.99% 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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