Fiverr International Shares Fall After Multiple Brokerages Downgrade

MT Newswires Live

02/20

Fiverr International (FVRR) shares were down over 8% in recent Thursday trading after multiple brokerages lowered their ratings and respective price targets on the company's stock.

JPMorgan downgraded the company's stock to neutral from overweight and adjusted its price target to $15 from $30. Meanwhile, Citigroup downgraded Fiverr International to neutral from buy, and cut its price target to $15 from $33.

Roth Capital Partners, too, lowered its rating to neutral from buy and its price target to $14 from $32.

Trading volume stood at over 2.6 million shares against a daily average of about 1 million shares.

Price: 11.31, Change: -1.04, Percent Change: -8.42

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