Fiverr International (NYSE:FVRR) Receives $19.30 Average Price Target from Brokerages

Fiverr International (NYSE:FVRR) has received a consensus recommendation of “Hold” from the twelve analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $19.30.

A number of equities analysts have recently weighed in on FVRR shares. Weiss Ratings raised shares of Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 9th. Zacks Research upgraded shares of Fiverr International from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Wall Street Zen raised shares of Fiverr International from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th.

Institutional Investors Weigh In On Fiverr International

Several hedge funds have recently made changes to their positions in FVRR. Segall Bryant & Hamill LLC acquired a new position in Fiverr International in the first quarter valued at $252,000. Altshuler Shaham Ltd lifted its position in Fiverr International by 400.0% during the first quarter. Altshuler Shaham Ltd now owns 5,000 shares of the company’s stock worth $50,000 after buying an additional 4,000 shares during the period. Amundi acquired a new stake in Fiverr International in the 1st quarter worth about $105,000. Engine Capital Management LP boosted its stake 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 worth $13,413,000 after buying an additional 588,220 shares during the last quarter. Finally, Rice Hall James & Associates LLC boosted its stake in Fiverr International by 5.3% in the 1st quarter. Rice Hall James & Associates LLC now owns 304,628 shares of the company’s stock worth $3,052,000 after buying an additional 15,331 shares during the last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.

Fiverr International Trading Up 0.1%

Fiverr International stock opened at $10.47 on Wednesday. The stock has a 50-day moving average price of $10.67 and a 200 day moving average price of $11.94. Fiverr International has a 52 week low of $9.58 and a 52 week high of $28.00. The stock has a market cap of $376.32 million, a PE ratio of 13.42 and a beta of 1.39. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.04.

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

About Fiverr International

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.