Fiverr International Ltd. (NYSE:FVRR) Receives Average Rating of “Hold” from Analysts

Fiverr International Ltd. (NYSE:FVRR – Get Rating) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $44.38.

A number of brokerages have commented on FVRR. Citigroup increased their price objective on shares of Fiverr International from $45.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 23rd. JMP Securities increased their price objective on shares of Fiverr International from $50.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, February 23rd. Royal Bank of Canada upped their target price on shares of Fiverr International from $33.00 to $40.00 and gave the company a “sector perform” rating in a report on Thursday, February 23rd. Needham & Company LLC upped their target price on shares of Fiverr International from $40.00 to $50.00 in a report on Thursday, February 23rd. Finally, Piper Sandler lowered their target price on shares of Fiverr International from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 6th.

Institutional Trading of Fiverr International

A number of large investors have recently bought and sold shares of FVRR. Bank of New York Mellon Corp boosted its stake in Fiverr International by 5.4% during the 1st quarter. Bank of New York Mellon Corp now owns 56,619 shares of the company’s stock worth $4,308,000 after purchasing an additional 2,891 shares during the period. Industrial Alliance Investment Management Inc. acquired a new stake in Fiverr International during the 1st quarter worth $134,000. Power Corp of Canada acquired a new stake in shares of Fiverr International in the 1st quarter worth $304,000. Neuberger Berman Group LLC acquired a new stake in shares of Fiverr International in the 1st quarter worth $229,000. Finally, Grayhawk Investment Strategies Inc. acquired a new stake in shares of Fiverr International in the 2nd quarter worth $177,000. Institutional investors and hedge funds own 47.70% of the company’s stock.

Fiverr International Trading Up 0.3 %

Shares of NYSE:FVRR opened at $34.58 on Wednesday. Fiverr International has a 52 week low of $26.16 and a 52 week high of $83.18. The company’s 50 day moving average is $37.37 and its two-hundred day moving average is $33.81. The company has a current ratio of 3.17, a quick ratio of 2.98 and a debt-to-equity ratio of 1.73. The company has a market cap of $1.27 billion, a PE ratio of -17.92 and a beta of 1.77.

Fiverr International Company Profile

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Fiverr International Ltd. develops an e-commerce platform that allows people to buy and sell digital services. It operates through the following geographical segments: U.S., Europe, Asia Pacific, Rest of the World and Israel. The firm offers digital marketing, graphics and design, video and animation, writing and translation, and music and audio.