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

Shares of Fiverr International Ltd. (NYSE:FVRR) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $35.82.

Several equities analysts recently weighed in on the company. The Goldman Sachs Group upgraded Fiverr International from a “neutral” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Friday, January 19th. Citigroup decreased their target price on shares of Fiverr International from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Fiverr International in a research report on Thursday, February 22nd. JPMorgan Chase & Co. decreased their price target on shares of Fiverr International from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Finally, Piper Sandler cut shares of Fiverr International from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $30.00 to $25.00 in a research note on Thursday, February 22nd.

Fiverr International Price Performance

NYSE:FVRR opened at $20.11 on Thursday. The company’s 50-day moving average is $22.94 and its two-hundred day moving average is $24.49. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.30. The firm has a market cap of $777.25 million, a price-to-earnings ratio of 223.44 and a beta of 1.71. Fiverr International has a 12-month low of $18.83 and a 12-month high of $37.18.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FVRR. Engine Capital Management LP acquired a new position in shares of Fiverr International in the 4th quarter valued at approximately $19,193,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Fiverr International by 144.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 862,955 shares of the company’s stock valued at $23,490,000 after acquiring an additional 510,000 shares in the last quarter. Whetstone Capital Advisors LLC bought a new position in Fiverr International during the 2nd quarter valued at $3,882,000. Lord Abbett & CO. LLC acquired a new position in Fiverr International during the 3rd quarter worth $3,291,000. Finally, Marshall Wace LLP grew its holdings in Fiverr International by 48.0% during the 2nd quarter. Marshall Wace LLP now owns 284,454 shares of the company’s stock worth $7,399,000 after acquiring an additional 92,226 shares in the last quarter. 59.00% of the stock is owned by institutional investors and hedge funds.

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.