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

Shares of Fiverr International (NYSE:FVRR) have been assigned an average rating of “Reduce” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $12.5625.

Several analysts have issued reports on FVRR shares. UBS Group cut their target price on Fiverr International from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Citigroup lowered their price objective on shares of Fiverr International from $15.00 to $11.50 and set a “neutral” rating for the company in a report on Thursday, July 30th. Oppenheimer cut shares of Fiverr International from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Royal Bank Of Canada reduced their target price on shares of Fiverr International from $16.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, July 30th. Finally, Zacks Research raised shares of Fiverr International from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th.

Institutional Investors Weigh In On Fiverr International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Clearstead Trust LLC purchased a new position in Fiverr International in the 4th quarter worth approximately $46,000. Altshuler Shaham Ltd boosted its stake in Fiverr International by 400.0% during the 1st quarter. Altshuler Shaham Ltd now owns 5,000 shares of the company’s stock valued at $50,000 after purchasing an additional 4,000 shares during the last quarter. Amundi purchased a new stake in Fiverr International during the 1st quarter valued at $105,000. Maxi Investments CY Ltd bought a new stake in shares of Fiverr International in the 2nd quarter worth $111,000. Finally, Independent Financial Group LLC bought a new stake in shares of Fiverr International in the 1st quarter worth $131,000. Institutional investors own 59.00% of the company’s stock.

Fiverr International Stock Down 1.3%

FVRR opened at $8.96 on Thursday. The business’s fifty day simple moving average is $9.72 and its 200 day simple moving average is $10.29. Fiverr International has a 52 week low of $8.60 and a 52 week high of $28.00. The stock has a market cap of $322.26 million, a PE ratio of 11.07 and a beta of 1.44.

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

About Fiverr International

Fiverr International Ltd. operates a global online marketplace that connects businesses and individuals with freelance professionals. Customers can use the platform to find and purchase digital services across categories such as graphic design, digital marketing, writing and translation, video and animation, programming and technology, business consulting, and music and audio.

The company’s marketplace is designed to support projects of varying sizes, from one-time assignments to ongoing business needs.