Fiverr International (NYSE:FVRR) Receives $19.30 Consensus PT from Brokerages

Shares of Fiverr International (NYSE:FVRR) have been given a consensus rating of “Hold” by the twelve analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $19.30.

Several analysts have weighed in on FVRR shares. Needham & Company LLC reissued a “hold” rating on shares of Fiverr International in a research report on Wednesday, February 18th. BTIG Research reaffirmed a “neutral” rating on shares of Fiverr International in a report on Monday, March 2nd. Scotiabank lowered their price objective 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. Wall Street Zen raised shares of Fiverr International from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Roth Mkm downgraded Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research report on Thursday, February 19th.

Fiverr International Trading Up 0.0%

Shares of NYSE:FVRR opened at $10.20 on Thursday. The business’s 50-day moving average is $13.68 and its 200 day moving average is $19.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.93 and a quick ratio of 1.93. Fiverr International has a 1 year low of $9.90 and a 1 year high of $34.13. The firm has a market capitalization of $366.83 million, a P/E ratio of 17.90 and a beta of 1.32.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.86 earnings per share 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 during the quarter, compared to the consensus estimate of $108.98 million. During the same quarter last year, the company earned $0.64 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. On average, research analysts predict that Fiverr International will post 1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Nordea Investment Management AB lifted its holdings in shares of Fiverr International by 16.6% during the third quarter. Nordea Investment Management AB now owns 544,289 shares of the company’s stock worth $13,155,000 after purchasing an additional 77,666 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Fiverr International by 188.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 804,734 shares of the company’s stock worth $23,603,000 after buying an additional 526,060 shares during the period. Analyst IMS Investment Management Services Ltd. raised its position in Fiverr International by 32.0% during the 3rd quarter. Analyst IMS Investment Management Services Ltd. now owns 618,729 shares of the company’s stock worth $15,104,000 after buying an additional 150,000 shares during the last quarter. Invenomic Capital Management LP purchased a new position in Fiverr International during the 3rd quarter worth approximately $15,194,000. Finally, Jump Financial LLC lifted its stake in Fiverr International by 63.0% during the 2nd quarter. Jump Financial LLC now owns 170,917 shares of the company’s stock valued at $5,013,000 after acquiring an additional 66,078 shares during the period. 59.00% of the stock is owned by institutional investors and hedge funds.

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.