Fiverr International Ltd. (NYSE:FVRR) Receives Average Rating of "Hold" from Analysts
Fiverr International Ltd. (NYSE:FVRR) has received an average rating of "Hold" from eleven analysts. Six analysts rated it as hold, while five issued buy ratings. The average 12-month price target is $35.89. Recent reports include a downgrade from JMP Securities and upgrades from Scotiabank and JPMorgan Chase. Institutional investors own 59% of the stock. Fiverr's stock opened at $33.20, with a 52-week range of $20.78 to $36.11. The company has initiated a $100 million stock buyback program, indicating confidence in its valuation.
Fiverr International Ltd. (NYSE:FVRR - Get Free Report) has been given an average rating of "Hold" by the eleven analysts that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $35.89.
Get Fiverr International alerts:
- Small-Caps, Big Buybacks: 3 Stocks With Large Buyback Capacity
FVRR has been the subject of several recent research reports. Citizens Jmp cut Fiverr International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 20th. Scotiabank boosted their price target on Fiverr International from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. boosted their price target on Fiverr International from $27.00 to $32.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and issued a $36.00 price target on shares of Fiverr International in a research note on Thursday, May 8th. Finally, JMP Securities cut Fiverr International from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 20th.
Get Our Latest Analysis on FVRR
Institutional Inflows and Outflows
- 3 Small-Cap Stocks That Are Ready to Rocket Higher
Several hedge funds have recently bought and sold shares of FVRR. New York State Common Retirement Fund increased its stake in shares of 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 buying an additional 1,382 shares in the last quarter. Jones Financial Companies Lllp increased 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 valued at $33,000 after buying an additional 592 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Fiverr International in the fourth quarter valued at $57,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Fiverr International in the fourth quarter valued at $187,000. Finally, Pier Capital LLC acquired a new stake in shares of Fiverr International in the fourth quarter valued at $8,674,000. 59.00% of the stock is currently owned by institutional investors and hedge funds.
Fiverr International Stock Performance
Shares of FVRR stock opened at $33.20 on Friday. Fiverr International has a fifty-two week low of $20.78 and a fifty-two week high of $36.11. The stock's 50-day moving average is $26.65 and its two-hundred day moving average is $29.47. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 2.99. The firm has a market cap of $1.19 billion, a P/E ratio of 70.64 and a beta of 1.67.
- 3 Top Stocks Crushing Q3 Earnings With Strong 2024 Guidance
Fiverr International declared that its board has initiated a stock repurchase program on Tuesday, March 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 10.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.
Fiverr International Company Profile
(Get Free ReportFiverr 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.
Further Reading
- Five stocks we like better than Fiverr International
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Turbulence for Joby Shares: What's Behind the Recent Dip?
- Diversification Can Smooth Returns And Mitigate Portfolio Risk
- Why Carnival Could Be the Ultimate Non-Tech Growth Stock
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Super Micro Computer Stock Clears New Path Higher on Saudi Orders
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Fiverr International Right Now?
Before you consider Fiverr International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fiverr International wasn't on the list.
While Fiverr International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
