Fiverr International (NYSE:FVRR) Stock Rating Upgraded by Wall Street Zen

Fiverr International (NYSE:FVRR) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

FVRR has been the subject of several other research reports. Weiss Ratings lowered shares of Fiverr International from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 20th. Royal Bank Of Canada dropped their target price on shares of Fiverr International from $28.00 to $16.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 18th. Scotiabank dropped their target price on shares of Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating on the stock in a report on Thursday, February 19th. Citigroup reiterated a “neutral” rating and issued a $15.00 target price (down from $33.00) on shares of Fiverr International in a report on Thursday, February 19th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Fiverr International in a report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.30.

Fiverr International Stock Down 0.3%

FVRR stock opened at $10.25 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.04. Fiverr International has a 1 year low of $9.67 and a 1 year high of $33.96. The company has a fifty day simple moving average of $10.66 and a 200 day simple moving average of $14.38. The firm has a market cap of $368.31 million, a PE ratio of 13.13 and a beta of 1.41.

Fiverr International (NYSE:FVRR) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.62 earnings per share (EPS) for the quarter. Fiverr International had a net margin of 6.70% and a return on equity of 17.22%. The business had revenue of $105.49 million during the quarter. Sell-side analysts anticipate that Fiverr International will post 1.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. increased its holdings in shares of Fiverr International by 26.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company’s stock worth $65,666,000 after purchasing an additional 566,636 shares during the period. Engine Capital Management LP increased its holdings in shares of Fiverr International by 78.4% during the 1st quarter. Engine Capital Management LP now owns 1,338,644 shares of the company’s stock worth $13,413,000 after purchasing an additional 588,220 shares during the period. Sparta 24 Ltd. bought a new position in shares of Fiverr International during the 1st quarter worth about $9,410,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Fiverr International by 4.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 840,575 shares of the company’s stock worth $20,518,000 after purchasing an additional 35,841 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Fiverr International by 26.0% during the 1st quarter. Renaissance Technologies LLC now owns 731,659 shares of the company’s stock worth $7,331,000 after purchasing an additional 151,200 shares during the period. Institutional investors own 59.00% of the company’s stock.

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.