Fiverr price target lowered to $28 from $30 at BTIG

BTIG lowered the firm’s price target on Fiverr (FVRR) to $28 from $30 but keeps a Buy rating on the shares as part of a broader research note Online Freelancing names previewing Q1 results. The firm says a pick-up in hiring activity this year remains elusive, with February showing a modest improvement followed by a softening in March. BTIG adds that it is favoring Fiverr over Upwrok (UPWK) however given the company’s balance sheet support and the recent $100M buyback authorization.