Fiverr International Ltd. (NYSE:FVRR) Given Consensus Rating of “Buy” by Brokerages

Posted by on Jun 17th, 2022

Fiverr International Ltd. (NYSE:FVRR – Get Rating) has received a consensus rating of “Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $86.00.

A number of analysts have recently weighed in on FVRR shares. Piper Sandler lowered their target price on Fiverr International from $80.00 to $50.00 in a research note on Wednesday, May 11th. MKM Partners lowered their target price on Fiverr International from $68.00 to $34.00 in a research note on Thursday, May 12th. Needham & Company LLC lowered their target price on Fiverr International from $100.00 to $40.00 in a research note on Thursday, May 12th. JMP Securities lowered their target price on Fiverr International from $120.00 to $55.00 in a research note on Thursday, May 12th. Finally, Royal Bank of Canada lowered their target price on Fiverr International from $80.00 to $32.00 in a research note on Thursday, May 12th.

Shares of NYSE FVRR opened at $32.64 on Friday. The stock has a market cap of $1.20 billion, a PE ratio of -18.65 and a beta of 2.03. The business has a fifty day moving average of $47.21 and a two-hundred day moving average of $75.19. Fiverr International has a 52-week low of $29.04 and a 52-week high of $262.90. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.33 and a current ratio of 2.33.

Fiverr International (NYSE:FVRR – Get Rating) last issued its quarterly earnings data on Wednesday, May 11th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.78. Fiverr International had a negative return on equity of 17.23% and a negative net margin of 20.30%. During the same quarter in the previous year, the firm earned ($0.29) earnings per share. Analysts predict that Fiverr International will post -2.39 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in shares of Fiverr International by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 16,593 shares of the company’s stock worth $3,031,000 after buying an additional 356 shares during the period. Marshall Wace LLP grew its position in shares of Fiverr International by 31.3% during the 3rd quarter. Marshall Wace LLP now owns 15,930 shares of the company’s stock worth $2,910,000 after buying an additional 3,799 shares during the period. California State Teachers Retirement System grew its position in shares of Fiverr International by 18.8% during the 3rd quarter. California State Teachers Retirement System now owns 31,485 shares of the company’s stock worth $5,752,000 after buying an additional 4,980 shares during the period. Millennium Management LLC grew its position in shares of Fiverr International by 653.5% during the 3rd quarter. Millennium Management LLC now owns 269,159 shares of the company’s stock worth $49,170,000 after buying an additional 233,439 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of Fiverr International by 105.3% during the 3rd quarter. Captrust Financial Advisors now owns 390 shares of the company’s stock worth $71,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 57.26% of the company’s stock.

About Fiverr International (Get Rating)

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 550 categories in nine verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, data, and lifestyle.

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