Fiverr International (NYSE:FVRR) Downgraded by Wall Street Zen to Hold

Wall Street Zen lowered shares of Fiverr International (NYSE:FVRR) from a buy rating to a hold rating in a research note released on Saturday.

FVRR has been the subject of several other reports. Zacks Research raised shares of Fiverr International from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Scotiabank dropped their target price on shares of Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating for the company in a report on Thursday, February 19th. UBS Group dropped their target price 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 target price (down from $30.00) on shares of Fiverr International in a report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Fiverr International in a report on Thursday, January 29th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Fiverr International presently has a consensus rating of “Hold” and an average target price of $19.30.

Fiverr International Trading Up 4.9%

NYSE FVRR opened at $12.21 on Friday. The stock has a market capitalization of $439.09 million, a P/E ratio of 15.66 and a beta of 1.43. Fiverr International has a 52-week low of $9.67 and a 52-week high of $34.13. The firm has a 50-day moving average price of $10.61 and a 200 day moving average price of $16.29. The company has a quick ratio of 1.93, a current ratio of 1.85 and a debt-to-equity ratio of 0.04.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.62 earnings per share (EPS) for the quarter. The firm had revenue of $105.49 million during the quarter. Fiverr International had a net margin of 6.70% and a return on equity of 17.22%. Equities research analysts expect that Fiverr International will post 1.39 EPS for the current year.

Institutional Trading of Fiverr International

Hedge funds have recently bought and sold shares of the company. Strategic Advocates LLC acquired a new stake in Fiverr International during the third quarter worth approximately $26,000. Russell Investments Group Ltd. acquired a new stake in Fiverr International during the fourth quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Fiverr International during the fourth quarter worth approximately $43,000. Clearstead Trust LLC acquired a new stake in Fiverr International during the fourth quarter worth approximately $46,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in Fiverr International by 586.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,493 shares of the company’s stock worth $49,000 after acquiring an additional 2,130 shares during the last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.

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.