Fiverr International (NYSE:FVRR) had its price objective lifted by stock analysts at UBS Group from $190.00 to $205.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage presently has a “sell” rating on the stock. UBS Group’s target price would suggest a potential downside of 32.37% from the company’s previous close. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on the stock. MKM Partners cut shares of Fiverr International from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $145.00 to $185.00 in a report on Tuesday, January 26th. Zacks Investment Research cut shares of Fiverr International from a “buy” rating to a “hold” rating in a report on Wednesday, December 30th. JMP Securities increased their price objective on shares of Fiverr International from $190.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday. The Goldman Sachs Group started coverage on shares of Fiverr International in a report on Monday, December 21st. They issued a “buy” rating and a $253.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $335.00 price objective on shares of Fiverr International in a report on Thursday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $196.85.
Fiverr International stock opened at $303.12 on Friday. The firm’s 50-day moving average is $248.58 and its 200-day moving average is $180.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.46 and a current ratio of 2.46. Fiverr International has a 1 year low of $20.42 and a 1 year high of $336.00. The company has a market cap of $9.40 billion, a P/E ratio of -704.91 and a beta of 2.24.
Fiverr International (NYSE:FVRR) last posted its quarterly earnings results on Thursday, February 18th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.12. Fiverr International had a negative net margin of 8.69% and a negative return on equity of 4.48%. As a group, sell-side analysts predict that Fiverr International will post -0.13 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in FVRR. CenterStar Asset Management LLC acquired a new position in shares of Fiverr International in the 3rd quarter worth approximately $179,000. Weaver Consulting Group boosted its holdings in shares of Fiverr International by 66.7% in the third quarter. Weaver Consulting Group now owns 250 shares of the company’s stock worth $35,000 after buying an additional 100 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of Fiverr International by 33.3% in the third quarter. Valeo Financial Advisors LLC now owns 800 shares of the company’s stock worth $111,000 after buying an additional 200 shares during the period. IFP Advisors Inc acquired a new position in shares of Fiverr International in the third quarter worth about $116,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Fiverr International by 500.0% in the third quarter. Steward Partners Investment Advisory LLC now owns 900 shares of the company’s stock worth $125,000 after buying an additional 750 shares during the period. 57.89% of the stock is currently owned by institutional investors.
About Fiverr International
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 300 categories in eight 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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