Fiverr International (NYSE:FVRR) Coverage Initiated at Weiss Ratings

Research analysts at Weiss Ratings initiated coverage on shares of Fiverr International (NYSE:FVRR) in a research report issued to clients and investors on Saturday,Weiss Ratings reports. The brokerage set a “sell (d+)” rating on the stock.

Other equities analysts also recently issued research reports about the company. BTIG Research upgraded Fiverr International from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Friday, September 19th. UBS Group decreased their target price on shares of Fiverr International from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. JPMorgan Chase & Co. upgraded shares of Fiverr International from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $32.00 to $30.00 in a research report on Thursday, July 31st. Needham & Company LLC reissued a “buy” rating and set a $32.00 price objective on shares of Fiverr International in a research report on Tuesday, September 16th. Finally, Zacks Research upgraded Fiverr International from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Fiverr International presently has an average rating of “Moderate Buy” and a consensus price target of $32.60.

Fiverr International Stock Down 1.1%

Shares of Fiverr International stock traded down $0.25 during trading on Friday, reaching $22.39. The stock had a trading volume of 337,381 shares, compared to its average volume of 719,693. The company has a market capitalization of $802.55 million, a price-to-earnings ratio of 46.65 and a beta of 1.45. The stock has a fifty day moving average price of $23.60 and a two-hundred day moving average price of $26.27. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.07. Fiverr International has a 52 week low of $20.83 and a 52 week high of $36.11.

Hedge Funds Weigh In On Fiverr International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Investment House LLC lifted its position in shares of Fiverr International by 5.4% during the 3rd quarter. Investment House LLC now owns 292,280 shares of the company’s stock valued at $7,135,000 after buying an additional 14,890 shares in the last quarter. Avory & Company LLC lifted its holdings in Fiverr International by 0.8% during the third quarter. Avory & Company LLC now owns 1,064,005 shares of the company’s stock valued at $25,972,000 after purchasing an additional 8,694 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Fiverr International by 16.6% during the third quarter. Nordea Investment Management AB now owns 544,289 shares of the company’s stock valued at $13,155,000 after purchasing an additional 77,666 shares in the last quarter. Taylor Frigon Capital Management LLC lifted its stake in shares of Fiverr International by 17.6% during the 3rd quarter. Taylor Frigon Capital Management LLC now owns 109,410 shares of the company’s stock valued at $2,607,000 after buying an additional 16,377 shares in the last quarter. Finally, Accurate Wealth Management LLC lifted its stake in shares of Fiverr International by 5.4% during the 3rd quarter. Accurate Wealth Management LLC now owns 135,551 shares of the company’s stock valued at $3,086,000 after buying an additional 6,975 shares in the last quarter. 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 worldwide. Its platform enables sellers to sell their services and buyers to buy them. The company's platform includes various categories in ten verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and tech, business, data, lifestyle, and photography.