Fiverr International (NYSE:FVRR) Receives Sector Perform Rating from Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Fiverr International (NYSE:FVRR) in a report issued on Thursday,Benzinga reports. Royal Bank of Canada currently has a $35.00 price target on the stock.

Other equities research analysts have also recently issued research reports about the company. UBS Group raised their price objective on Fiverr International from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Needham & Company LLC reissued a “buy” rating and issued a $36.00 price target on shares of Fiverr International in a research note on Wednesday. BTIG Research cut Fiverr International from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Citigroup increased their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, JMP Securities downgraded shares of Fiverr International from an “outperform” rating to a “market perform” rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $34.11.

Fiverr International Stock Performance

Shares of FVRR opened at $25.71 on Thursday. The company has a market capitalization of $921.27 million, a price-to-earnings ratio of 54.69 and a beta of 1.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.99 and a current ratio of 1.10. Fiverr International has a 1 year low of $18.83 and a 1 year high of $36.11. The company’s 50 day simple moving average is $31.99 and its 200 day simple moving average is $28.71.

Institutional Investors Weigh In On Fiverr International

Several institutional investors have recently bought and sold shares of FVRR. Huntington National Bank raised its stake in shares of Fiverr International by 38.3% in the 4th quarter. Huntington National Bank now owns 1,465 shares of the company’s stock valued at $46,000 after acquiring an additional 406 shares during the period. Jones Financial Companies Lllp increased its holdings in Fiverr International by 134.9% in the 4th quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company’s stock valued at $33,000 after purchasing an additional 592 shares in the last quarter. New York State Common Retirement Fund raised its position in Fiverr International by 5.9% in the fourth quarter. New York State Common Retirement Fund now owns 24,824 shares of the company’s stock valued at $788,000 after purchasing an additional 1,382 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Fiverr International during the fourth quarter worth about $57,000. Finally, Geode Capital Management LLC boosted its position in shares of Fiverr International by 12.6% in the third quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock worth $685,000 after buying an additional 2,961 shares during the period. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

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.