Fiverr International (NYSE:FVRR) Receives $19.30 Consensus Target Price from Analysts

Fiverr International (NYSE:FVRR) has earned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $19.30.

FVRR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 price objective (down from $30.00) on shares of Fiverr International in a research note on Thursday, February 19th. Scotiabank decreased their price target on shares of Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating for the company in a research note on Thursday, February 19th. UBS Group cut their price objective on shares of Fiverr International from $25.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. The Goldman Sachs Group lowered their price target on shares of Fiverr International from $44.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Finally, Weiss Ratings upgraded Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th.

Institutional Trading of Fiverr International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FVRR. Tidal Investments LLC grew its stake in Fiverr International by 2.5% in the second quarter. Tidal Investments LLC now owns 25,420 shares of the company’s stock worth $746,000 after purchasing an additional 614 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Fiverr International by 4.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,003 shares of the company’s stock valued at $366,000 after buying an additional 672 shares in the last quarter. Strategic Advocates LLC purchased a new stake in shares of Fiverr International in the third quarter worth $26,000. Geode Capital Management LLC increased its stake in Fiverr International by 4.5% during the 2nd quarter. Geode Capital Management LLC now owns 25,817 shares of the company’s stock valued at $756,000 after purchasing an additional 1,112 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Fiverr International during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Fiverr International Trading Down 4.7%

Shares of Fiverr International stock opened at $10.19 on Friday. The firm’s 50 day moving average is $10.62 and its 200 day moving average is $15.60. The firm has a market capitalization of $366.40 million, a PE ratio of 13.07 and a beta of 1.43. Fiverr International has a 1 year low of $9.67 and a 1 year high of $34.13. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.04.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.62 EPS for the quarter. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%.The company had revenue of $105.49 million during the quarter. Equities research analysts forecast that Fiverr International will post 1.15 earnings per share for the current fiscal year.

Fiverr International Company Profile

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.