BTIG Research Reaffirms Neutral Rating for Fiverr International (NYSE:FVRR)

Fiverr International (NYSE:FVRR)‘s stock had its “neutral” rating reaffirmed by equities researchers at BTIG Research in a research note issued on Monday, MarketBeat Ratings reports.

A number of other research firms also recently commented on FVRR. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $15.00 price objective (down from $30.00) on shares of Fiverr International in a report on Thursday, February 19th. Royal Bank Of Canada lowered their price target on Fiverr International from $28.00 to $16.00 and set a “sector perform” rating for the company in a report on Wednesday, February 18th. The Goldman Sachs Group cut their price objective on shares of Fiverr International from $44.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. UBS Group reduced their price objective on shares of Fiverr International from $25.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $15.00 target price (down from $33.00) on shares of Fiverr International in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.30.

Fiverr International Trading Up 2.7%

Shares of NYSE:FVRR opened at $10.73 on Monday. Fiverr International has a 52 week low of $10.15 and a 52 week high of $34.13. The company’s 50 day moving average is $15.96 and its two-hundred day moving average is $20.18. The company has a market cap of $384.53 million, a PE ratio of 18.82 and a beta of 1.32. The company has a current ratio of 1.94, a quick ratio of 1.33 and a debt-to-equity ratio of 0.06.

Fiverr International (NYSE:FVRR) last issued its earnings results on Wednesday, February 18th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. Fiverr International had a net margin of 4.87% and a return on equity of 16.58%. The firm had revenue of $107.17 million during the quarter, compared to the consensus estimate of $108.98 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company’s revenue was up 3.4% compared to the same quarter last year. Equities analysts predict that Fiverr International will post 1.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

A number of institutional investors have recently modified their holdings of the business. Tidal Investments LLC boosted its stake in Fiverr International by 2.5% during the 2nd quarter. Tidal Investments LLC now owns 25,420 shares of the company’s stock worth $746,000 after purchasing an additional 614 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Fiverr International by 4.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,003 shares of the company’s stock valued at $366,000 after purchasing an additional 672 shares during the period. Investment House LLC raised its holdings in shares of Fiverr International by 0.3% in the second quarter. Investment House LLC now owns 277,390 shares of the company’s stock valued at $8,136,000 after buying an additional 910 shares during the last quarter. Strategic Advocates LLC acquired a new stake in shares of Fiverr International during the third quarter worth about $26,000. Finally, Geode Capital Management LLC grew its holdings in shares of Fiverr International by 4.5% during the second quarter. Geode Capital Management LLC now owns 25,817 shares of the company’s stock worth $756,000 after buying an additional 1,112 shares during 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 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.