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

Shares of Fiverr International Ltd. (NYSE:FVRR) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $31.60.

A number of brokerages have recently commented on FVRR. JMP Securities raised their target price on shares of Fiverr International from $32.00 to $36.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 target price on shares of Fiverr International in a research report on Wednesday, October 30th. BTIG Research cut Fiverr International from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Citigroup raised their price target on Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group lowered their price objective on shares of Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, August 1st.

Institutional Trading of Fiverr International

A number of institutional investors have recently modified their holdings of the company. California State Teachers Retirement System increased its position in shares of Fiverr International by 9.5% during the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after purchasing an additional 3,095 shares in the last quarter. Swedbank AB acquired a new position in Fiverr International during the 1st quarter valued at about $400,000. ARK Investment Management LLC raised its stake in Fiverr International by 27.1% in the second quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock valued at $2,568,000 after buying an additional 23,335 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Fiverr International by 18.4% in the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after acquiring an additional 2,208 shares in the last quarter. Finally, Engine Capital Management LP grew 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 acquiring an additional 21,144 shares during the last quarter. 59.00% of the stock is currently owned by institutional investors.

Fiverr International Price Performance

FVRR opened at $32.83 on Friday. The business has a fifty day moving average of $26.72 and a 200 day moving average of $25.01. The stock has a market cap of $1.27 billion, a P/E ratio of 126.27 and a beta of 1.68. 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 $33.90.

Fiverr International (NYSE:FVRR) last issued its earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The firm had revenue of $99.63 million during the quarter, compared to analyst estimates of $96.37 million. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. As a group, sell-side analysts anticipate that Fiverr International will post 0.51 EPS for the current year.

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 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.