UBS Group Downgrades Fiverr International (NYSE:FVRR) to Neutral

Fiverr International (NYSE:FVRR – Get Free Report) was downgraded by UBS Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, FinViz reports. They currently have a $25.00 price target on the stock, down from the previous $37.00 target price. UBS Group’s price target indicates a potential upside of 12.56% from the stock’s previous close.

Several other research analysts have also recently commented on FVRR. Goldman Sachs Group raised their price target on shares of Fiverr International from $39.00 to $44.00 and gave the company a “buy” rating in a report on Monday, May 13. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price target for shares of Fiverr International in a report on Thursday, May 9. Finally, BTIG Research lowered their price target on shares of Fiverr International from $30.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 18. Four investment analysts have rated the stock a “hold,” while seven have given it a “buy” rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.09.

Read our latest analysis of Fiverr International

Fiverr International shares down 5.2%

Shares of NYSE:FVRR opened at $22.21 on Tuesday. Fiverr International has a 52-week low of $18.83 and a 52-week high of $34.49. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.08 and a quick ratio of 3.08. The company has a market capitalization of $858.42 million, a P/E ratio of 100.95 and a beta of 1.71. The company has a 50-day price average of $23.19 and a 200-day price average of $24.13.

Fiverr International (NYSE:FVRR – Get Free Report) last released its earnings results on Thursday, May 9. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.05). Fiverr International had a net margin of 2.38% and a return on equity of 4.87%. The company had revenue of $93.52 million for the quarter, compared to the consensus estimate of $92.45 million. Analysts are forecasting that Fiverr International will post earnings per share of $0.45 for the current year.

Institutional inflows and outflows

Large investors have recently added to or reduced their holdings in the company. Vima LLC acquired a new position in Fiverr International in the fourth quarter worth $86,000. Van ECK Associates Corp increased its position in Fiverr International by 9.5% in the fourth quarter. Van ECK Associates Corp now owns 11,439 shares of the company’s stock worth $311,000 after acquiring an additional 990 shares in the last quarter. Swedbank AB acquired a new stake in Fiverr International in the first quarter worth $400,000. California State Teachers Retirement System increased its position in Fiverr International by 9.5% in 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 in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Fiverr International by 21.5% in 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 last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.

About Fiverr International

(Download the free report)

Fiverr International Ltd. operates an online marketplace worldwide. Its platform allows sellers to sell their services and buyers to buy them. The company’s platform spans across ten verticals, including graphics and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, data, lifestyle, and photography.

Fiverr International shares down 5.2%

Institutional inflows and outflows

About Fiverr International

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