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

Fiverr International (NYSE:FVRR) has earned an average recommendation of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. Two research 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 price objective among brokerages that have covered the stock in the last year is $19.30.

A number of analysts have recently issued reports on FVRR shares. BTIG Research reissued a “neutral” rating on shares of Fiverr International in a research note on Monday, March 2nd. The Goldman Sachs Group decreased their target price on Fiverr International from $44.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Zacks Research downgraded Fiverr International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Citigroup reissued a “neutral” rating and set a $15.00 price target (down from $33.00) on shares of Fiverr International in a research report on Thursday, February 19th. Finally, UBS Group dropped their price target on Fiverr International from $25.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th.

Hedge Funds Weigh In On Fiverr International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Invenomic Capital Management LP bought a new position in shares of Fiverr International during the 3rd quarter worth $15,194,000. Hussman Strategic Advisors Inc. bought a new position in shares of Fiverr International during the 4th quarter worth $830,000. Legal & General Group Plc grew its position in shares of Fiverr International by 11.5% during the 2nd quarter. Legal & General Group Plc now owns 33,271 shares of the company’s stock worth $976,000 after buying an additional 3,437 shares in the last quarter. MML Investors Services LLC bought a new position in shares of Fiverr International during the 2nd quarter worth $821,000. Finally, XTX Topco Ltd bought a new position in shares of Fiverr International during the 3rd quarter worth $767,000. Institutional investors own 59.00% of the company’s stock.

Fiverr International Stock Up 4.3%

Shares of FVRR opened at $11.46 on Tuesday. The firm has a market capitalization of $412.03 million, a P/E ratio of 14.69 and a beta of 1.43. Fiverr International has a 12-month low of $9.67 and a 12-month high of $34.07. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $10.64 and a 200-day moving average price of $14.66.

Fiverr International (NYSE:FVRR) last issued its earnings results on Tuesday, March 31st. The company reported $0.62 earnings per share (EPS) for the quarter. The firm 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%. Equities research analysts expect that Fiverr International will post 1.15 earnings per share for the current year.

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.