Fiverr International Ltd. (NYSE:FVRR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Fiverr International Ltd. (NYSE:FVRR) have been assigned a consensus rating of “Hold” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $34.11.

FVRR has been the topic of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $36.00 price objective on shares of Fiverr International in a report on Wednesday, February 19th. Scotiabank started coverage on shares of Fiverr International in a report on Wednesday, March 12th. They issued a “sector outperform” rating and a $31.00 price target on the stock. Citizens Jmp cut shares of Fiverr International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 20th. Royal Bank of Canada restated a “sector perform” rating and set a $35.00 price target on shares of Fiverr International in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. dropped their target price on Fiverr International from $33.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th.

Institutional Investors Weigh In On Fiverr International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jump Financial LLC lifted its position in shares of Fiverr International by 594.7% during the fourth quarter. Jump Financial LLC now owns 80,754 shares of the company’s stock worth $2,562,000 after purchasing an additional 69,129 shares in the last quarter. New York State Common Retirement Fund increased 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 worth $788,000 after purchasing an additional 1,382 shares during the period. Arkadios Wealth Advisors raised its holdings in Fiverr International by 22.0% during the 4th quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company’s stock worth $4,375,000 after purchasing an additional 24,839 shares during the last quarter. Pier Capital LLC bought a new position in shares of Fiverr International in the 4th quarter valued at about $8,674,000. Finally, Jones Financial Companies Lllp grew its position in shares of Fiverr International by 134.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company’s stock worth $33,000 after buying an additional 592 shares during the period. Institutional investors and hedge funds own 59.00% of the company’s stock.

Fiverr International Stock Up 1.6 %

NYSE FVRR opened at $26.54 on Monday. Fiverr International has a twelve month low of $19.98 and a twelve month high of $36.11. The stock has a market cap of $951.30 million, a PE ratio of 56.47 and a beta of 1.98. The firm has a 50-day simple moving average of $25.25 and a 200 day simple moving average of $28.88. 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 declared that its Board of Directors has initiated a stock buyback program on Tuesday, March 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

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.