Fiverr International (NYSE:FVRR) Given Average Recommendation of “Hold” by Analysts

Fiverr International (NYSE:FVRR) has earned an average rating of “Hold” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $19.30.

FVRR has been the topic of a number of recent research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 target price (down from $30.00) on shares of Fiverr International in a research note on Thursday, February 19th. Roth Mkm downgraded Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a research report on Thursday, February 19th. Wall Street Zen cut Fiverr International from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. UBS Group cut their target price on shares of Fiverr International from $25.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Finally, Scotiabank decreased their price target on shares of Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating on the stock in a research note on Thursday, February 19th.

Fiverr International Price Performance

Shares of NYSE FVRR opened at $11.66 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.33 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $16.51 and its 200 day moving average price is $20.44. Fiverr International has a 52 week low of $10.25 and a 52 week high of $34.13. The stock has a market cap of $417.89 million, a price-to-earnings ratio of 20.46 and a beta of 1.31.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.10. Fiverr International had a net margin of 4.87% and a return on equity of 16.58%. The company had revenue of $107.17 million for the quarter, compared to the consensus estimate of $108.98 million. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, research analysts forecast that Fiverr International will post 1.04 earnings per share for the current fiscal year.

Institutional Trading of Fiverr International

Several hedge funds and other institutional investors have recently bought and sold shares of FVRR. Strategic Advocates LLC purchased a new position in shares of Fiverr International during the 3rd quarter worth $26,000. Russell Investments Group Ltd. purchased a new stake in shares of Fiverr International in the fourth quarter valued at $32,000. Assetmark Inc. acquired a new position in Fiverr International in the second quarter valued at $41,000. Northwestern Mutual Wealth Management Co. purchased a new position in Fiverr International during the fourth quarter worth about $43,000. Finally, Clearstead Trust LLC purchased a new position in Fiverr International during the fourth quarter worth about $46,000. 59.00% of the stock is owned by hedge funds and other 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.