Fiverr International Ltd. (NYSE:FVRR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Fiverr International Ltd. (NYSE:FVRR) have received a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $32.30.

A number of equities analysts have recently commented on FVRR shares. UBS Group boosted their price objective on Fiverr International from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. BTIG Research downgraded shares of Fiverr International from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Citigroup lifted their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $36.00 target price on shares of Fiverr International in a report on Wednesday, October 30th. Finally, JMP Securities raised their price target on Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st.

Institutional Investors Weigh In On Fiverr International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank increased its holdings in shares of Fiverr International by 35,200.0% in the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company’s stock valued at $27,000 after acquiring an additional 1,056 shares during the period. Van ECK Associates Corp increased its stake in Fiverr International by 18.4% in the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock valued at $332,000 after purchasing an additional 2,208 shares during the period. Geode Capital Management LLC raised its holdings in shares of Fiverr International by 12.6% in the third quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock valued at $685,000 after buying an additional 2,961 shares during the last quarter. Engine Capital Management LP boosted its stake in shares of Fiverr International by 2.7% during the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after buying an additional 21,144 shares during the period. Finally, Shaker Investments LLC OH acquired a new stake in shares of Fiverr International during the third quarter worth about $552,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Fiverr International Price Performance

Fiverr International stock opened at $32.19 on Tuesday. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 1.47. Fiverr International has a 52-week low of $18.83 and a 52-week high of $36.11. The firm has a market cap of $1.24 billion, a PE ratio of 123.81 and a beta of 1.69. The company’s 50 day moving average is $30.65 and its two-hundred day moving average is $26.27.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.09. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. The business had revenue of $99.63 million for the quarter, compared to analysts’ expectations of $96.37 million. On average, research analysts expect that Fiverr International will post 0.51 EPS for the current fiscal year.

Fiverr International Company Profile

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 various categories in ten verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and tech, business, data, lifestyle, and photography.