Fiverr International (NYSE:FVRR) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Fiverr International (NYSE:FVRR) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen raised shares of Fiverr International from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings cut Fiverr International from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. Finally, BTIG Research reiterated a “neutral” rating on shares of Fiverr International in a research note on Monday, March 2nd. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Fiverr International currently has a consensus rating of “Hold” and an average target price of $19.30.

Fiverr International Stock Performance

Shares of FVRR stock opened at $10.34 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 1.85. Fiverr International has a fifty-two week low of $9.58 and a fifty-two week high of $30.66. The stock’s 50-day moving average is $10.65 and its two-hundred day moving average is $13.08. The firm has a market cap of $371.54 million, a P/E ratio of 13.25 and a beta of 1.41.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $105.49 million during the quarter. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%. Analysts predict that Fiverr International will post 1.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fiverr International

Several hedge funds have recently modified their holdings of the business. Sparta 24 Ltd. acquired a new stake in shares of Fiverr International in the first quarter worth $9,410,000. Invenomic Capital Management LP acquired a new position in Fiverr International during the 3rd quarter valued at $15,194,000. Engine Capital Management LP boosted its holdings in Fiverr International by 78.4% in the 1st 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. boosted its holdings in Fiverr International by 26.7% in the 3rd 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. Finally, Man Group plc grew its position in Fiverr International by 562.3% in the 4th quarter. Man Group plc now owns 279,484 shares of the company’s stock worth $5,523,000 after purchasing an additional 237,284 shares during the last quarter. 59.00% of the stock is owned by institutional investors.

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.