Analysts Set Fiverr International (NYSE:FVRR) PT at $32.60

Fiverr International (NYSE:FVRR) has been given a consensus rating of “Hold” by the thirteen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $32.2222.

A number of research firms have commented on FVRR. Zacks Research lowered Fiverr International from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Fiverr International in a report on Thursday, January 29th.

Fiverr International Stock Down 5.0%

Shares of Fiverr International stock opened at $16.06 on Wednesday. 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 $15.53 and a 52-week high of $35.40. The company’s 50 day moving average price is $19.06 and its 200-day moving average price is $21.64. The stock has a market capitalization of $575.41 million, a price-to-earnings ratio of 27.21 and a beta of 1.31.

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

Hedge Funds Weigh In On Fiverr International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in Fiverr International by 16.6% in the 3rd quarter. Nordea Investment Management AB now owns 544,289 shares of the company’s stock worth $13,155,000 after purchasing an additional 77,666 shares in the last quarter. ARK Investment Management LLC raised its holdings in Fiverr International by 20.2% in the second quarter. ARK Investment Management LLC now owns 66,906 shares of the company’s stock worth $1,962,000 after buying an additional 11,224 shares during the last quarter. Analyst IMS Investment Management Services Ltd. lifted its stake in shares of Fiverr International by 19.0% in the second quarter. Analyst IMS Investment Management Services Ltd. now owns 468,729 shares of the company’s stock worth $13,748,000 after buying an additional 75,000 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Fiverr International by 188.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 804,734 shares of the company’s stock worth $23,603,000 after buying an additional 526,060 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Fiverr International by 18.9% during the second quarter. Acadian Asset Management LLC now owns 1,380,046 shares of the company’s stock valued at $40,450,000 after buying an additional 219,743 shares during the last quarter. Hedge funds and other 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.