Fiverr International (NYSE:FVRR) Receives Consensus Recommendation of “Hold” from Brokerages

Fiverr International (NYSE:FVRR) has been given an average rating of “Hold” by the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $19.30.

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $15.00 target price (down from $30.00) on shares of Fiverr International in a report on Thursday, February 19th. Scotiabank dropped their price target on Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating on the stock in a research report on Thursday, February 19th. Roth Mkm downgraded Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research note on Thursday, February 19th. Royal Bank Of Canada decreased their price objective on Fiverr International from $28.00 to $16.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 18th. Finally, The Goldman Sachs Group lowered their target price on Fiverr International from $44.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th.

Institutional Investors Weigh In On Fiverr International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB increased its position in Fiverr International by 16.6% during the third quarter. Nordea Investment Management AB now owns 544,289 shares of the company’s stock worth $13,155,000 after buying an additional 77,666 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Fiverr International by 188.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 804,734 shares of the company’s stock worth $23,603,000 after buying an additional 526,060 shares during the last quarter. Analyst IMS Investment Management Services Ltd. boosted its stake in shares of Fiverr International by 32.0% during the 3rd quarter. Analyst IMS Investment Management Services Ltd. now owns 618,729 shares of the company’s stock worth $15,104,000 after acquiring an additional 150,000 shares in the last quarter. Invenomic Capital Management LP acquired a new position in shares of Fiverr International during the 3rd quarter valued at about $15,194,000. Finally, Jump Financial LLC increased its holdings in shares of Fiverr International by 63.0% during the 2nd quarter. Jump Financial LLC now owns 170,917 shares of the company’s stock valued at $5,013,000 after acquiring an additional 66,078 shares during the last quarter. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Fiverr International Stock Down 3.8%

FVRR stock opened at $10.57 on Thursday. Fiverr International has a 52-week low of $10.15 and a 52-week high of $34.13. The company’s 50 day simple moving average is $14.00 and its 200-day simple moving average is $19.25. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.93 and a quick ratio of 1.93. The firm has a market capitalization of $379.99 million, a P/E ratio of 18.54 and a beta of 1.32.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings data 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 analyst estimates of $108.98 million. During the same quarter last year, the business posted $0.64 EPS. The company’s revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts anticipate that Fiverr International will post 1.04 EPS for the current year.

Fiverr International Company Profile

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.