Fiverr International (NYSE:FVRR) Rating Lowered to “Buy” at Wall Street Zen

Fiverr International (NYSE:FVRR) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Sunday.

A number of other brokerages have also recently issued reports on FVRR. Scotiabank lifted their price target on shares of Fiverr International from $31.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 8th. The Goldman Sachs Group raised their price objective on shares of Fiverr International from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Citigroup raised their price objective on shares of Fiverr International from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. JPMorgan Chase & Co. raised their price objective on shares of Fiverr International from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Finally, Needham & Company LLC restated a “buy” rating and set a $36.00 price objective on shares of Fiverr International in a research note on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Fiverr International currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

Fiverr International Trading Down 0.9%

Shares of NYSE FVRR opened at $28.93 on Friday. Fiverr International has a 1 year low of $20.78 and a 1 year high of $36.11. The stock has a market cap of $1.04 billion, a P/E ratio of 61.54 and a beta of 1.58. The firm has a 50-day moving average of $30.05 and a 200 day moving average of $29.34. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.20 and a quick ratio of 1.20.

Fiverr International announced that its Board of Directors has approved a share repurchase program on Tuesday, March 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 10.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of Fiverr International

Large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its stake in shares of Fiverr International by 134.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company’s stock worth $33,000 after acquiring an additional 592 shares during the period. Huntington National Bank grew its stake in shares of Fiverr International by 38.3% in the fourth quarter. Huntington National Bank now owns 1,465 shares of the company’s stock worth $46,000 after acquiring an additional 406 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Fiverr International in the fourth quarter worth approximately $57,000. KLP Kapitalforvaltning AS bought a new stake in shares of Fiverr International in the fourth quarter worth approximately $187,000. Finally, Quantbot Technologies LP grew its stake in shares of Fiverr International by 5,825.9% in the first quarter. Quantbot Technologies LP now owns 11,911 shares of the company’s stock worth $282,000 after acquiring an additional 11,710 shares during the period. 59.00% 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 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.