Fiverr International (NYSE:FVRR) Upgraded at Zacks Research

Fiverr International (NYSE:FVRR) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on FVRR. Roth Mkm downgraded shares of Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a report on Thursday, February 19th. Wall Street Zen upgraded shares of Fiverr International from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Fiverr International in a research note on Thursday, January 29th. Scotiabank reduced their target price on shares of Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating for the company in a research note on Thursday, February 19th. Finally, Royal Bank Of Canada reduced their target price on shares of Fiverr International from $28.00 to $16.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.30.

Fiverr International Stock Performance

NYSE FVRR opened at $10.52 on Monday. Fiverr International has a 52-week low of $9.67 and a 52-week high of $34.13. The company has a 50-day simple moving average of $10.96 and a 200 day simple moving average of $16.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.93 and a current ratio of 1.93. The company has a market capitalization of $378.01 million, a PE ratio of 18.45 and a beta of 1.35.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. Fiverr International had a net margin of 4.87% and a return on equity of 16.58%. The business had revenue of $107.17 million during the quarter, compared to the consensus estimate of $108.98 million. During the same quarter last year, the company posted $0.64 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, research analysts predict that Fiverr International will post 1.39 EPS for the current year.

Hedge Funds Weigh In On Fiverr International

Several large investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in shares of Fiverr International in the fourth quarter worth about $361,000. State of Tennessee Department of Treasury increased its stake in shares of 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 in the last quarter. Twinbeech Capital LP purchased a new position in shares of Fiverr International in the fourth quarter worth about $366,000. Susquehanna Fundamental Investments LLC grew its stake in Fiverr International by 783.8% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 116,655 shares of the company’s stock valued at $2,305,000 after acquiring an additional 103,455 shares in the last quarter. Finally, Numerai GP LLC grew its stake in Fiverr International by 150.3% during the fourth quarter. Numerai GP LLC now owns 117,432 shares of the company’s stock valued at $2,320,000 after acquiring an additional 70,515 shares in the last quarter. Hedge funds and other 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.