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

Fiverr International (NYSE:FVRR) has received an average rating of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $19.30.

FVRR has been the subject of several recent research reports. Wall Street Zen raised Fiverr International from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Zacks Research raised shares of Fiverr International from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Weiss Ratings upgraded shares of Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 9th.

Fiverr International Trading Down 4.2%

FVRR stock opened at $11.02 on Wednesday. The company has a market cap of $396.10 million, a P/E ratio of 14.13 and a beta of 1.39. Fiverr International has a twelve month low of $9.58 and a twelve month high of $28.00. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $10.67 and a 200-day moving average of $12.14.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $105.49 million for the quarter. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%. As a group, equities research analysts expect that Fiverr International will post 1.24 EPS for the current year.

Hedge Funds Weigh In On Fiverr International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. bought a new stake in shares of Fiverr International during the 4th quarter valued at $32,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Fiverr International in the 4th quarter valued at $43,000. Clearstead Trust LLC bought a new position in shares of Fiverr International in the 4th quarter worth $46,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Fiverr International by 586.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,493 shares of the company’s stock worth $49,000 after purchasing an additional 2,130 shares during the last quarter. Finally, Altshuler Shaham Ltd grew its stake in shares of Fiverr International by 400.0% during the first quarter. Altshuler Shaham Ltd now owns 5,000 shares of the company’s stock worth $50,000 after purchasing an additional 4,000 shares during the period. 59.00% of the stock is owned by institutional investors.

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.