Fiverr International (NYSE:FVRR) Receives $32.60 Consensus Price Target from Analysts

Fiverr International (NYSE:FVRR) has earned a consensus rating of “Hold” from the thirteen analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $32.2222.

A number of equities research analysts have recently weighed in on FVRR shares. Weiss Ratings began coverage on Fiverr International in a report on Saturday, November 1st. They issued a “sell (d+)” rating for the company. Zacks Research downgraded shares of Fiverr International from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th.

Institutional Investors Weigh In On Fiverr International

A number of institutional investors have recently modified their holdings of the business. Invenomic Capital Management LP bought a new position in Fiverr International in the third quarter worth about $15,194,000. Ameriprise Financial Inc. raised its position in shares of Fiverr International by 26.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company’s stock worth $65,666,000 after purchasing an additional 566,636 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Fiverr International by 188.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 804,734 shares of the company’s stock worth $23,603,000 after purchasing an additional 526,060 shares during the period. UBS Group AG lifted its holdings in shares of Fiverr International by 155.2% in the 3rd quarter. UBS Group AG now owns 366,141 shares of the company’s stock worth $8,938,000 after purchasing an additional 222,667 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Fiverr International by 18.9% during the 2nd quarter. Acadian Asset Management LLC now owns 1,380,046 shares of the company’s stock valued at $40,450,000 after purchasing an additional 219,743 shares during the period. Institutional investors own 59.00% of the company’s stock.

Fiverr International Price Performance

FVRR opened at $16.77 on Wednesday. The company has a market capitalization of $601.04 million, a P/E ratio of 28.42 and a beta of 1.29. The company has a 50-day moving average of $19.21 and a 200-day moving average of $21.83. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.33 and a current ratio of 1.33. Fiverr International has a 1-year low of $15.61 and a 1-year high of $35.40.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Fiverr International had a return on equity of 13.53% and a net margin of 5.23%.The business had revenue of $107.90 million during the quarter, compared to the consensus estimate of $107.88 million. During the same period last year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities analysts expect that Fiverr International will post 1.04 EPS 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.