Research Analysts’ Recent Ratings Changes for Fiverr International (FVRR)

A number of research firms have changed their ratings and price targets for Fiverr International (NYSE: FVRR):

• 11/4/2024 – Fiverr International was downgraded by analysts at BTIG Research from a “buy” rating to a “neutral” rating.
• 10/31/2024 – Fiverr International had its price target raised by analysts at JMP Securities from $32.00 to $36.00. They now have a “market outperform” rating on the stock.
• 10/31/2024 – Fiverr International had its price target raised by analysts at Citigroup Inc. from $36.00 to $39.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Fiverr International had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $36.00 price target on the stock.

Fiverr International Stock Performance

FVRR traded up $1.77 during mid-day trading on Monday, reaching $29.81. 665,927 shares of the company traded hands, compared to its average volume of 853,075. The company’s fifty day moving average price is $25.47 and its 200-day moving average price is $24.40. The stock has a market capitalization of $1.15 billion, a P/E ratio of 114.65 and a beta of 1.68. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 1.47. Fiverr International Ltd. has a 52-week low of $18.83 and a 52-week high of $32.68.

Fiverr International (NYSE:FVRR) last announced its earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. The business had revenue of $99.63 million for the quarter, compared to analysts’ expectations of $96.37 million. On average, sell-side analysts expect that Fiverr International Ltd. will post 0.51 EPS for the current year.

Institutional Trading of Fiverr International

Several large investors have recently added to or reduced their stakes in the business. Engine Capital Management LP grew its position in shares of Fiverr International by 2.7% during the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock valued at $19,079,000 after acquiring an additional 21,144 shares during the period. ARK Investment Management LLC grew its holdings in Fiverr International by 27.1% during the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock valued at $2,568,000 after buying an additional 23,335 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Fiverr International by 9.5% during the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock valued at $749,000 after buying an additional 3,095 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Fiverr International by 12.6% in the third quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock worth $685,000 after buying an additional 2,961 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Fiverr International during the third quarter worth $683,000. 59.00% of the stock is currently owned by institutional investors.

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.