Fiverr International (NYSE:FVRR) was downgraded by analysts at UBS Group from a “neutral” rating to a “sell” rating in a report issued on Tuesday, AnalystRatings.net reports. They presently have a $190.00 price objective on the stock, up from their prior price objective of $148.00. UBS Group’s target price suggests a potential downside of 19.86% from the company’s current price.
Several other equities research analysts have also issued reports on FVRR. The Goldman Sachs Group started coverage on Fiverr International in a report on Monday, December 21st. They set a “buy” rating and a $253.00 price target for the company. JMP Securities upgraded shares of Fiverr International from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $144.00 to $190.00 in a research note on Thursday, October 29th. MKM Partners boosted their target price on shares of Fiverr International from $118.00 to $145.00 and gave the stock a “neutral” rating in a research report on Thursday, October 29th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price target on shares of Fiverr International from $185.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, January 12th. Finally, Smith Barney Citigroup lifted their price objective on shares of Fiverr International from $185.00 to $270.00 in a research note on Tuesday, January 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $171.46.
Shares of NYSE:FVRR opened at $237.09 on Tuesday. The firm has a fifty day moving average of $216.64 and a two-hundred day moving average of $154.47. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.01. Fiverr International has a 12-month low of $20.42 and a 12-month high of $285.56. The firm has a market capitalization of $7.35 billion, a P/E ratio of -551.36 and a beta of 2.24.
Fiverr International (NYSE:FVRR) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.15. Fiverr International had a negative return on equity of 4.48% and a negative net margin of 8.69%. The business had revenue of $52.35 million during the quarter, compared to analyst estimates of $49.32 million. Equities research analysts expect that Fiverr International will post -0.13 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the company. California State Teachers Retirement System bought a new position in shares of Fiverr International in the second quarter worth about $751,000. Falcon Point Capital LLC acquired a new position in shares of Fiverr International during the third quarter worth approximately $280,000. CenterStar Asset Management LLC bought a new stake in shares of Fiverr International in the third quarter valued at approximately $179,000. Weaver Consulting Group grew its stake 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 acquiring an additional 100 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its position in Fiverr International by 33.3% during the third quarter. Valeo Financial Advisors LLC now owns 800 shares of the company’s stock worth $111,000 after acquiring an additional 200 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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