Fiverr International (NYSE:FVRR) had its price target decreased by equities researchers at The Goldman Sachs Group from $333.00 to $296.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 77.62% from the stock’s current price.
FVRR has been the topic of several other research reports. JMP Securities boosted their price target on shares of Fiverr International from $190.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, February 19th. Zacks Investment Research raised shares of Fiverr International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 20th. UBS Group boosted their price objective on shares of Fiverr International from $190.00 to $205.00 and gave the company a “sell” rating in a report on Friday, February 19th. They noted that the move was a valuation call. Needham & Company LLC reduced their target price on shares of Fiverr International from $260.00 to $220.00 and set a “buy” rating for the company in a report on Monday. Finally, Citigroup reduced their price objective on shares of Fiverr International from $350.00 to $280.00 in a research note on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $228.08.
NYSE FVRR opened at $166.65 on Thursday. Fiverr International has a 52-week low of $49.28 and a 52-week high of $336.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.46 and a current ratio of 2.46. The company has a market capitalization of $5.17 billion, a P/E ratio of -387.55 and a beta of 2.24. The company has a fifty day moving average of $210.68 and a 200-day moving average of $219.66.
Fiverr International (NYSE:FVRR) last issued its earnings results on Thursday, May 6th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.10. The company had revenue of $68.30 million for the quarter, compared to analysts’ expectations of $65.15 million. Fiverr International had a negative net margin of 8.69% and a negative return on equity of 4.48%. The firm’s revenue was up 99.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.08) EPS. As a group, analysts forecast that Fiverr International will post -0.13 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the company. US Bancorp DE increased its holdings in Fiverr International by 66.7% in the 4th quarter. US Bancorp DE now owns 125 shares of the company’s stock worth $25,000 after acquiring an additional 50 shares in the last quarter. Huntington National Bank grew its holdings in shares of Fiverr International by 24.9% during the fourth quarter. Huntington National Bank now owns 251 shares of the company’s stock worth $49,000 after buying an additional 50 shares in the last quarter. James Investment Research Inc. grew its holdings in shares of Fiverr International by 76.9% during the first quarter. James Investment Research Inc. now owns 207 shares of the company’s stock worth $44,000 after buying an additional 90 shares in the last quarter. Adirondack Trust Co. boosted its position in shares of Fiverr International by 80.0% during the 1st quarter. Adirondack Trust Co. now owns 270 shares of the company’s stock valued at $59,000 after acquiring an additional 120 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Fiverr International by 43.8% during the 1st quarter. Parallel Advisors LLC now owns 466 shares of the company’s stock valued at $101,000 after acquiring an additional 142 shares during the last quarter. 57.89% of the stock is owned by hedge funds and other 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 500 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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