Fiverr International (NYSE:FVRR) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Fiverr International (NYSE:FVRR) from a hold rating to a strong sell rating in a research note released on Tuesday morning,Zacks.com reports.

FVRR has been the subject of a number of other reports. Scotiabank lowered their price target on Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating for the company in a report on Thursday, February 19th. Roth Mkm cut Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a report on Thursday, February 19th. Wall Street Zen cut Fiverr International from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Citigroup restated a “neutral” rating and set a $15.00 target price (down from $33.00) on shares of Fiverr International in a report on Thursday, February 19th. Finally, BTIG Research restated a “neutral” rating on shares of Fiverr International in a report on Monday, March 2nd. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Fiverr International presently has an average rating of “Hold” and a consensus price target of $19.30.

Fiverr International Stock Performance

NYSE FVRR opened at $10.67 on Tuesday. The stock has a market cap of $383.51 million, a PE ratio of 13.68 and a beta of 1.43. 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 twelve month low of $9.67 and a twelve month high of $34.13. The stock has a fifty day simple moving average of $10.57 and a 200-day simple moving average of $15.25.

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

Hedge Funds Weigh In On Fiverr International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in Fiverr International by 26.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company’s stock valued at $65,666,000 after acquiring an additional 566,636 shares during the period. Engine Capital Management LP raised its position in Fiverr International by 78.4% in the 1st quarter. Engine Capital Management LP now owns 1,338,644 shares of the company’s stock valued at $13,413,000 after purchasing an additional 588,220 shares in the last quarter. Avory & Company LLC raised its position in Fiverr International by 0.8% in the 3rd quarter. Avory & Company LLC now owns 1,064,005 shares of the company’s stock valued at $25,972,000 after purchasing an additional 8,694 shares in the last quarter. Sparta 24 Ltd. acquired a new stake in Fiverr International in the 1st quarter valued at about $9,410,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Fiverr International by 4.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 840,575 shares of the company’s stock valued at $20,518,000 after purchasing an additional 35,841 shares in the last quarter. 59.00% of the stock is currently owned by hedge funds and other 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.