Fiverr International’s (FVRR) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Fiverr International (NYSE:FVRR) in a research note issued to investors on Wednesday morning, Benzinga reports. Needham & Company LLC currently has a $36.00 target price on the stock.

FVRR has been the subject of several other research reports. UBS Group cut Fiverr International from a “buy” rating to a “neutral” rating and cut their price target for the company from $37.00 to $25.00 in a report on Tuesday, July 2nd. The Goldman Sachs Group cut their target price on Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, Roth Mkm reissued a “buy” rating and issued a $32.00 price target (up previously from $30.00) on shares of Fiverr International in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.30.

Fiverr International Stock Up 16.3 %

FVRR opened at $29.16 on Wednesday. Fiverr International has a 1-year low of $18.83 and a 1-year high of $32.68. The business has a 50 day moving average of $24.49 and a 200-day moving average of $23.62. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 132.55 and a beta of 1.71. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 1.44.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Fiverr International had a net margin of 3.17% and a return on equity of 5.67%. The company had revenue of $94.66 million for the quarter, compared to the consensus estimate of $94.69 million. As a group, sell-side analysts anticipate that Fiverr International will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On Fiverr International

A number of hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its position in shares of Fiverr International by 18.4% during the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after purchasing an additional 2,208 shares in the last quarter. Swedbank AB bought a new position in Fiverr International in the 1st quarter valued at $400,000. Shaker Investments LLC OH acquired a new stake in shares of Fiverr International in the 3rd quarter valued at $552,000. 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 worth $749,000 after acquiring an additional 3,095 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Fiverr International by 21.5% during the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after acquiring an additional 7,307 shares during the period. Institutional investors own 59.00% of the company’s stock.

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.