Fiverr International (NYSE:FVRR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Fiverr International (NYSE:FVRR) have been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $19.30.

Several research analysts have weighed in on FVRR shares. BTIG Research reaffirmed a “neutral” rating on shares of Fiverr International in a research note on Monday, March 2nd. Weiss Ratings lowered Fiverr International from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. Zacks Research lowered Fiverr International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Finally, Wall Street Zen upgraded Fiverr International from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. raised its stake in shares of Fiverr International by 26.7% in the third quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company’s stock valued at $65,666,000 after acquiring an additional 566,636 shares in the last quarter. Engine Capital Management LP increased its position in shares of Fiverr International by 78.4% in the 1st quarter. Engine Capital Management LP now owns 1,338,644 shares of the company’s stock valued at $13,413,000 after purchasing an additional 588,220 shares during the last quarter. Sparta 24 Ltd. purchased a new stake in shares of Fiverr International in the 1st quarter valued at approximately $9,410,000. Arrowstreet Capital Limited Partnership increased its position in shares of Fiverr International by 4.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 840,575 shares of the company’s stock valued at $20,518,000 after purchasing an additional 35,841 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Fiverr International by 26.0% in the 1st quarter. Renaissance Technologies LLC now owns 731,659 shares of the company’s stock valued at $7,331,000 after purchasing an additional 151,200 shares during the last quarter. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

Fiverr International Trading Up 10.2%

Shares of FVRR stock opened at $11.13 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market cap of $399.98 million, a PE ratio of 14.26 and a beta of 1.41. The company has a 50-day moving average of $10.66 and a two-hundred day moving average of $13.29. Fiverr International has a 1-year low of $9.58 and a 1-year high of $30.66.

Fiverr International (NYSE:FVRR) last announced its earnings results on Tuesday, March 31st. The company reported $0.62 earnings per share for the quarter. The company had revenue of $105.49 million during the quarter. Fiverr International had a net margin of 6.70% and a return on equity of 17.22%. On average, analysts predict that Fiverr International will post 1.24 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.