Fiverr International (NYSE:FVRR) Receives $19.30 Consensus Target Price from Brokerages

Fiverr International (NYSE:FVRR) has been given an average recommendation of “Hold” by the twelve brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $19.30.

A number of research firms have recently weighed in on FVRR. Zacks Research raised Fiverr International from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings raised Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 9th. Finally, Wall Street Zen upgraded Fiverr International from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th.

Hedge Funds Weigh In On Fiverr International

Several hedge funds have recently modified their holdings of the stock. Sparta 24 Ltd. purchased a new stake in Fiverr International during the 1st quarter worth approximately $9,410,000. Whetstone Capital Advisors LLC acquired a new position in Fiverr International during the 4th quarter valued at approximately $2,497,000. Hussman Strategic Advisors Inc. purchased a new position in shares of Fiverr International in the fourth quarter worth $830,000. Engine Capital Management LP raised its holdings in shares of Fiverr International by 20.3% in the fourth quarter. Engine Capital Management LP now owns 750,424 shares of the company’s stock worth $14,828,000 after buying an additional 126,701 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Fiverr International in the first quarter worth $252,000. Institutional investors and hedge funds own 59.00% of the company’s stock.

Fiverr International Trading Up 1.7%

NYSE FVRR opened at $10.47 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.04. The firm has a market cap of $376.32 million, a PE ratio of 13.42 and a beta of 1.39. The company has a 50 day moving average price of $10.67 and a 200 day moving average price of $11.99. Fiverr International has a 52 week low of $9.58 and a 52 week high of $28.00.

Fiverr International (NYSE:FVRR) last posted its earnings results on Tuesday, March 31st. The company reported $0.62 EPS for the quarter. Fiverr International had a net margin of 6.70% and a return on equity of 17.22%. The company had revenue of $105.49 million during the quarter. As a group, sell-side analysts forecast that Fiverr International will post 1.24 EPS for the current fiscal 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.