Fiverr International (NYSE:FVRR) Rating Lowered to Strong Sell at Zacks Research

Fiverr International (NYSE:FVRR) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. Roth Mkm downgraded shares of Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a report on Thursday, February 19th. Wall Street Zen cut shares of Fiverr International from a “buy” rating to a “hold” rating in a report on Saturday. BTIG Research decreased their price objective on Fiverr International from $31.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. UBS Group dropped their target price on Fiverr International from $25.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Fiverr International in a research note on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.30.

Fiverr International Stock Up 4.1%

Shares of NYSE:FVRR opened at $11.09 on Monday. Fiverr International has a 52-week low of $10.25 and a 52-week high of $34.13. The company has a market capitalization of $397.29 million, a price-to-earnings ratio of 19.45 and a beta of 1.31. The company has a quick ratio of 1.33, a current ratio of 1.94 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $16.85 and a two-hundred day moving average of $20.57.

Fiverr International (NYSE:FVRR) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.76 by $0.10. Fiverr International had a return on equity of 16.58% and a net margin of 4.87%.The business had revenue of $107.17 million for the quarter, compared to analysts’ expectations of $108.98 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company’s revenue was up 3.4% compared to the same quarter last year. As a group, analysts forecast that Fiverr International will post 1.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fiverr International

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in Fiverr International in the 4th quarter valued at $361,000. State of Tennessee Department of Treasury lifted its holdings in shares of Fiverr International by 17.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 53,063 shares of the company’s stock worth $1,049,000 after purchasing an additional 7,973 shares during the period. Twinbeech Capital LP bought a new stake in shares of Fiverr International in the fourth quarter worth $366,000. Susquehanna Fundamental Investments LLC raised its position in Fiverr International by 783.8% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 116,655 shares of the company’s stock worth $2,305,000 after purchasing an additional 103,455 shares during the last quarter. Finally, Numerai GP LLC raised its position in Fiverr International by 150.3% during the 4th quarter. Numerai GP LLC now owns 117,432 shares of the company’s stock worth $2,320,000 after purchasing an additional 70,515 shares during the last quarter. 59.00% of the stock is owned by institutional investors.

About Fiverr International

Fiverr International Ltd. operates an online marketplace that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.

Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.