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

Shares of Fiverr International Ltd. (NYSE:FVRR) have earned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $34.36.

Several research analysts have recently commented on FVRR shares. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Fiverr International in a research note on Thursday, February 22nd. Citigroup cut their target price on Fiverr International from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. JMP Securities reiterated a “market outperform” rating and set a $40.00 price target on shares of Fiverr International in a research note on Tuesday, January 30th. BTIG Research lowered their price objective on Fiverr International from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, Royal Bank of Canada reduced their target price on Fiverr International from $30.00 to $26.00 and set a “sector perform” rating for the company in a report on Friday, February 23rd.

Fiverr International Stock Performance

Shares of NYSE FVRR opened at $19.40 on Thursday. Fiverr International has a one year low of $18.83 and a one year high of $37.18. The business’s 50-day moving average price is $22.37 and its two-hundred day moving average price is $24.39. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.89 and a quick ratio of 2.89. The company has a market capitalization of $749.81 million, a P/E ratio of 215.56 and a beta of 1.71.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.52 by $0.04. The business had revenue of $91.50 million during the quarter, compared to analysts’ expectations of $97.00 million. Fiverr International had a return on equity of 3.71% and a net margin of 1.02%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.19) EPS. Analysts anticipate that Fiverr International will post 0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

A number of institutional investors and hedge funds have recently bought and sold shares of FVRR. Vima LLC bought a new stake in shares of Fiverr International in the fourth quarter valued at about $86,000. Bullseye Asset Management LLC lifted its position in shares of Fiverr International by 10.5% in the 4th quarter. Bullseye Asset Management LLC now owns 40,621 shares of the company’s stock worth $1,106,000 after acquiring an additional 3,861 shares during the period. Engine Capital Management LP bought a new stake in shares of Fiverr International in the 4th quarter worth approximately $19,193,000. Janney Montgomery Scott LLC acquired a new stake in shares of Fiverr International during the 4th quarter worth approximately $924,000. Finally, Essex Investment Management Co. LLC increased its position in shares of Fiverr International by 12.9% during the fourth quarter. Essex Investment Management Co. LLC now owns 84,770 shares of the company’s stock valued at $2,307,000 after purchasing an additional 9,694 shares during the period. Institutional investors own 59.00% of the company’s stock.

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.