Fiverr International (NYSE:FVRR) Receives Average Rating of “Hold” from Brokerages

Shares of Fiverr International (NYSE:FVRR) have been assigned an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $19.30.

A number of research analysts have issued reports on the stock. Citigroup reissued a “neutral” rating and set a $15.00 target price (down from $33.00) on shares of Fiverr International in a research note on Thursday, February 19th. Weiss Ratings restated a “sell (d+)” rating on shares of Fiverr International in a research note on Thursday, January 29th. Roth Mkm cut Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a report on Thursday, February 19th. Scotiabank reduced their price objective on Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating for the company in a research report on Thursday, February 19th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 price objective (down from $30.00) on shares of Fiverr International in a report on Thursday, February 19th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FVRR. Virtu Financial LLC acquired a new position in shares of Fiverr International during the fourth quarter valued at $361,000. State of Tennessee Department of Treasury lifted its holdings in Fiverr International by 17.7% in the fourth quarter. State of Tennessee Department of Treasury now owns 53,063 shares of the company’s stock worth $1,049,000 after purchasing an additional 7,973 shares during the period. Twinbeech Capital LP acquired a new stake in Fiverr International in the fourth quarter worth about $366,000. Susquehanna Fundamental Investments LLC grew its position in Fiverr International by 783.8% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 116,655 shares of the company’s stock valued at $2,305,000 after buying an additional 103,455 shares in the last quarter. Finally, Numerai GP LLC grew its position in Fiverr International by 150.3% in the 4th quarter. Numerai GP LLC now owns 117,432 shares of the company’s stock valued at $2,320,000 after buying an additional 70,515 shares in the last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.

Fiverr International Price Performance

Shares of NYSE FVRR opened at $10.91 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.93 and a quick ratio of 1.93. The firm has a market capitalization of $392.05 million, a PE ratio of 19.13 and a beta of 1.35. Fiverr International has a 1-year low of $9.67 and a 1-year high of $34.13. The business’s fifty day moving average price is $11.16 and its two-hundred day moving average price is $17.04.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.10. The company had revenue of $107.17 million during the quarter, compared to the consensus estimate of $108.98 million. Fiverr International had a net margin of 4.87% and a return on equity of 16.58%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 earnings per share. On average, research analysts expect that Fiverr International will post 1.04 EPS for the current year.

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.