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

Fiverr International (NYSE:FVRR) has received an average rating of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $19.30.

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Fiverr International from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. 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, Weiss Ratings lowered shares of Fiverr International from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd.

Hedge Funds Weigh In On Fiverr International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Strategic Advocates LLC bought a new stake in Fiverr International during the third quarter valued at $26,000. Russell Investments Group Ltd. bought a new position in shares of Fiverr International in the 4th quarter worth about $32,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Fiverr International in the 4th quarter worth about $43,000. Clearstead Trust LLC acquired a new position in shares of Fiverr International in the 4th quarter valued at about $46,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake 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 and hedge funds own 59.00% of the company’s stock.

Fiverr International Trading Down 0.1%

NYSE FVRR opened at $10.80 on Friday. The firm has a market capitalization of $388.33 million, a PE ratio of 13.85 and a beta of 1.39. The business’s 50-day moving average price is $10.66 and its two-hundred day moving average price is $12.92. 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 has a 12 month low of $9.58 and a 12 month high of $29.48.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.62 earnings per share (EPS) for the quarter. The company had revenue of $105.49 million during the quarter. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%. On average, analysts expect that Fiverr International will post 1.24 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.