Fiverr International’s (NYSE:FVRR) quiet period is set to end on Tuesday, July 23rd. Fiverr International had issued 5,263,158 shares in its public offering on June 13th. The total size of the offering was $110,526,318 based on an initial share price of $21.00. During Fiverr International’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
A number of research firms have weighed in on FVRR. Oppenheimer set a $176.00 price objective on Jazz Pharmaceuticals and gave the company a “buy” rating in a research note on Monday, July 8th. JMP Securities began coverage on Fiverr International in a research note on Monday, July 8th. They set an “outperform” rating and a $33.00 price objective for the company. Needham & Company LLC began coverage on Fiverr International in a research note on Monday, July 8th. They set a “buy” rating and a $31.00 price objective for the company. Citigroup set a $12.00 price objective on Avaya and gave the company a “hold” rating in a research note on Monday, July 8th. Finally, JPMorgan Chase & Co. upgraded M.D.C. from an “underweight” rating to a “neutral” rating in a research note on Monday, July 8th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $31.00.
NYSE FVRR opened at $24.88 on Monday. Fiverr International has a fifty-two week low of $22.14 and a fifty-two week high of $44.25.
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 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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