Fiverr International Ltd. (NYSE:FVRR) Expected to Post Earnings of -$0.16 Per Share

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Wall Street brokerages expect Fiverr International Ltd. (NYSE:FVRR) to post earnings per share of ($0.16) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Fiverr International’s earnings, with the highest EPS estimate coming in at ($0.10) and the lowest estimate coming in at ($0.27). The firm is expected to report its next quarterly earnings report on Wednesday, February 12th.

According to Zacks, analysts expect that Fiverr International will report full year earnings of ($0.84) per share for the current financial year, with EPS estimates ranging from ($1.37) to ($0.54). For the next financial year, analysts anticipate that the company will post earnings of ($0.62) per share, with EPS estimates ranging from ($1.15) to ($0.31). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Fiverr International.

Fiverr International (NYSE:FVRR) last released its quarterly earnings results on Wednesday, November 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.25. Fiverr International had a negative return on equity of 26.60% and a negative net margin of 32.55%. The business had revenue of $27.90 million during the quarter, compared to analysts’ expectations of $26.12 million. The firm’s quarterly revenue was up 41.6% compared to the same quarter last year.

FVRR has been the subject of a number of research reports. Citigroup lowered their price objective on Fiverr International from $31.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. Zacks Investment Research lowered Fiverr International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. lowered their price objective on Fiverr International from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday. UBS Group lowered their price objective on Fiverr International from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Bank of America upgraded Fiverr International from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $28.00.

Shares of Fiverr International stock traded down $0.10 during trading on Friday, reaching $21.93. The company’s stock had a trading volume of 203,845 shares, compared to its average volume of 411,660. The stock has a 50-day moving average of $21.49. The company has a quick ratio of 2.82, a current ratio of 2.66 and a debt-to-equity ratio of 0.04. Fiverr International has a one year low of $17.11 and a one year high of $44.25.

A number of hedge funds have recently made changes to their positions in the stock. UBS Oconnor LLC acquired a new stake in Fiverr International in the second quarter worth about $1,354,000. Marshall Wace North America L.P. acquired a new position in shares of Fiverr International during the 2nd quarter worth about $668,000. Finally, SG Americas Securities LLC acquired a new position in shares of Fiverr International during the 2nd quarter worth about $313,000. Hedge funds and other institutional investors own 24.11% of the company’s stock.

About Fiverr International

Fiverr International Ltd. operates an online marketplace worldwide. Its platform enables sellers to sell their services and buyers to buy them. The company's platform includes approximately 200 categories in 8 verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, and lifestyle.

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