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

Shares of Fiverr International (NYSE:FVRR) have been assigned an average recommendation of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $32.60.

Several equities research analysts recently commented on the company. Weiss Ratings assumed coverage on Fiverr International in a research report on Saturday, November 1st. They set a “sell (d+)” rating on the stock. Zacks Research cut Fiverr International from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th.

Fiverr International Stock Up 0.3%

Shares of NYSE FVRR opened at $16.73 on Wednesday. The company’s 50 day moving average price is $19.40 and its 200-day moving average price is $21.97. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.33 and a current ratio of 1.33. Fiverr International has a 52-week low of $15.61 and a 52-week high of $35.40. The company has a market capitalization of $599.42 million, a P/E ratio of 28.35 and a beta of 1.29.

Fiverr International (NYSE:FVRR) last released its earnings results on Wednesday, November 5th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. Fiverr International had a net margin of 5.23% and a return on equity of 13.53%. The business had revenue of $107.90 million for the quarter, compared to analyst estimates of $107.88 million. During the same quarter in the previous year, the business earned $0.64 earnings per share. Fiverr International’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities analysts forecast that Fiverr International will post 1.04 earnings per share for the current year.

Institutional Investors Weigh In On Fiverr International

Several hedge funds and other institutional investors have recently bought and sold shares of FVRR. Strategic Advocates LLC bought a new stake in Fiverr International in the 3rd quarter valued at about $26,000. Assetmark Inc. bought a new stake in shares of Fiverr International during the second quarter valued at approximately $41,000. Tower Research Capital LLC TRC increased its holdings in shares of Fiverr International by 4,392.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the company’s stock valued at $90,000 after acquiring an additional 2,987 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Fiverr International during the third quarter worth approximately $215,000. Finally, Dark Forest Capital Management LP bought a new position in shares of Fiverr International in the 3rd quarter worth $220,000. 59.00% of the stock is owned by institutional investors.

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.