Fiverr International (NYSE:FVRR) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Fiverr International (NYSE:FVRR) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other research firms have also commented on FVRR. Needham & Company LLC reaffirmed a “hold” rating on shares of Fiverr International in a research report on Wednesday, February 18th. Royal Bank Of Canada decreased their price objective on Fiverr International from $28.00 to $16.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 18th. UBS Group lowered their target price on Fiverr International from $25.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. BTIG Research restated a “neutral” rating on shares of Fiverr International in a report on Monday, March 2nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 price target (down from $30.00) on shares of Fiverr International in a research note on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.30.

Fiverr International Stock Performance

Shares of NYSE:FVRR opened at $10.20 on Friday. The firm’s 50 day simple moving average is $13.68 and its 200 day simple moving average is $19.06. Fiverr International has a fifty-two week low of $9.90 and a fifty-two week high of $34.13. The company has a market capitalization of $366.83 million, a price-to-earnings ratio of 17.90 and a beta of 1.32. 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 (NYSE:FVRR) last posted its 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 net margin of 4.87% and a return on equity of 16.58%. The company had revenue of $107.17 million for the quarter, compared to analyst estimates of $108.98 million. During the same period last year, the business posted $0.64 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Fiverr International will post 1.04 earnings per share for the current year.

Institutional Trading of Fiverr International

Several institutional investors and hedge funds have recently bought and sold shares of FVRR. Strategic Advocates LLC bought a new stake in Fiverr International during the third quarter worth $26,000. Russell Investments Group Ltd. acquired a new position in shares of Fiverr International during the 4th quarter worth about $32,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Fiverr International during the 4th quarter worth about $43,000. Clearstead Trust LLC bought a new stake in shares of Fiverr International in the 4th quarter valued at about $46,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Fiverr International by 586.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,493 shares of the company’s stock valued at $49,000 after purchasing an additional 2,130 shares during the period. 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.