Fiverr International (NYSE:FVRR) Receives $16.25 Average PT from Analysts

Shares of Fiverr International (NYSE:FVRR) have been given an average rating of “Reduce” by the twelve analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and eleven have issued a hold recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $16.25.

Several research analysts have commented on the company. Citigroup dropped their price target on Fiverr International from $15.00 to $11.50 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. UBS Group lowered their price objective on shares of Fiverr International from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Zacks Research raised shares of Fiverr International from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Oppenheimer cut shares of Fiverr International from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $13.00 price target (down from $26.00) on shares of Fiverr International in a report on Thursday, July 30th.

Fiverr International Stock Performance

Shares of NYSE:FVRR opened at $8.89 on Friday. The company has a market cap of $319.56 million, a P/E ratio of 10.97 and a beta of 1.39. The stock’s 50-day moving average is $10.23 and its 200-day moving average is $10.99. Fiverr International has a 52-week low of $8.60 and a 52-week high of $28.00.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.50 earnings per share for the quarter. Fiverr International had a return on equity of 16.14% and a net margin of 7.18%.The business had revenue of $97.78 million during the quarter. As a group, equities analysts predict that Fiverr International will post 0.93 EPS for the current year.

Institutional Investors Weigh In On Fiverr International

Hedge funds have recently made changes to their positions in the stock. Sparta 24 Ltd. bought a new stake in shares of Fiverr International in the 1st quarter worth approximately $9,410,000. Engine Capital Management LP increased its position in shares of Fiverr International by 78.4% during the first quarter. Engine Capital Management LP now owns 1,338,644 shares of the company’s stock valued at $13,413,000 after purchasing an additional 588,220 shares during the period. Ameriprise Financial Inc. increased its position in shares of Fiverr International by 26.7% during the third quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company’s stock valued at $65,666,000 after purchasing an additional 566,636 shares during the period. Man Group plc raised its stake in shares of Fiverr International by 562.3% in the fourth quarter. Man Group plc now owns 279,484 shares of the company’s stock valued at $5,523,000 after purchasing an additional 237,284 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Fiverr International by 155.2% in the third quarter. UBS Group AG now owns 366,141 shares of the company’s stock valued at $8,938,000 after purchasing an additional 222,667 shares in the last quarter. Institutional investors 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.