Fiverr International (NYSE:FVRR) Stock Rating Lowered by Zacks Research

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

A number of other analysts have also commented on the company. Scotiabank cut their price target on Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating on the stock in a report on Thursday, February 19th. Royal Bank Of Canada cut their price target on Fiverr International from $28.00 to $16.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 18th. Citigroup restated a “neutral” rating and issued a $15.00 price target (down from $33.00) on shares of Fiverr International in a report on Thursday, February 19th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $15.00 price target (down from $30.00) on shares of Fiverr International in a report on Thursday, February 19th. Finally, Wall Street Zen lowered Fiverr International from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $19.30.

Fiverr International Stock Up 0.5%

NYSE:FVRR opened at $10.67 on Tuesday. Fiverr International has a 1 year low of $9.67 and a 1 year high of $34.13. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.04. The stock has a market cap of $383.51 million, a price-to-earnings ratio of 13.68 and a beta of 1.43. The stock has a 50-day moving average price of $10.57 and a two-hundred day moving average price of $15.25.

Fiverr International (NYSE:FVRR) last posted its earnings results on Tuesday, March 31st. The company reported $0.62 earnings per share (EPS) for the quarter. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%.The firm had revenue of $105.49 million during the quarter. As a group, equities analysts expect that Fiverr International will post 1.15 earnings per share for the current year.

Institutional Trading of Fiverr International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC raised its stake in Fiverr International by 20.9% in the first quarter. Millennium Management LLC now owns 369,714 shares of the company’s stock valued at $8,755,000 after buying an additional 63,828 shares during the period. Geode Capital Management LLC grew its position in shares of Fiverr International by 4.5% in the second quarter. Geode Capital Management LLC now owns 25,817 shares of the company’s stock valued at $756,000 after purchasing an additional 1,112 shares during the last quarter. Legal & General Group Plc grew its position in shares of Fiverr International by 11.5% in the second quarter. Legal & General Group Plc now owns 33,271 shares of the company’s stock valued at $976,000 after purchasing an additional 3,437 shares during the last quarter. Norges Bank acquired a new position in shares of Fiverr International in the second quarter valued at approximately $995,000. Finally, First Trust Advisors LP acquired a new position in shares of Fiverr International in the second quarter valued at approximately $627,000. Institutional investors and hedge funds own 59.00% of the company’s stock.

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.