Fiverr International (NYSE:FVRR) was upgraded by equities research analysts at Bank of America from a “neutral” rating to a “buy” rating in a research note issued on Thursday, Marketbeat Ratings reports. The firm presently has a $30.00 target price on the stock. Bank of America‘s price target suggests a potential upside of 36.80% from the company’s current price.
FVRR has been the topic of a number of other research reports. Zacks Investment Research downgraded Fiverr International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 8th. Citigroup lowered their price target on Fiverr International from $31.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $28.00.
FVRR stock traded down $0.10 during mid-day trading on Thursday, reaching $21.93. 203,845 shares of the company’s stock were exchanged, compared to its average volume of 411,660. The firm has a 50 day moving average of $21.49. The company has a current ratio of 2.66, a quick ratio of 2.82 and a debt-to-equity ratio of 0.04. Fiverr International has a 12-month low of $17.11 and a 12-month high of $44.25.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FVRR. SG Americas Securities LLC purchased a new position in shares of Fiverr International in the second quarter valued at approximately $313,000. Marshall Wace North America L.P. purchased a new position in shares of Fiverr International in the second quarter valued at approximately $668,000. Finally, UBS Oconnor LLC purchased a new position in shares of Fiverr International in the second quarter valued at approximately $1,354,000. Institutional investors and hedge funds own 24.11% of the company’s stock.
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 approximately 200 categories in 8 verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, and lifestyle.
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