Fiverr International (NYSE:FVRR) Stock Rating Upgraded by Zacks Research

Fiverr International (NYSE:FVRR) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

FVRR has been the topic of several other reports. Wall Street Zen raised shares of Fiverr International from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. BTIG Research restated a “neutral” rating on shares of Fiverr International in a research report on Monday, March 2nd. Finally, Weiss Ratings lowered Fiverr International from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.30.

Fiverr International Stock Performance

Shares of FVRR stock opened at $10.34 on Monday. The business’s fifty day simple moving average is $10.65 and its 200-day simple moving average is $13.08. 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 12-month low of $9.58 and a 12-month high of $30.66. The company has a market cap of $371.54 million, a PE ratio of 13.25 and a beta of 1.41.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.62 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. Analysts expect that Fiverr International will post 1.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fiverr International

Several institutional investors and hedge funds have recently added to or reduced their stakes in FVRR. Segall Bryant & Hamill LLC acquired a new stake in shares of Fiverr International in the first quarter valued at about $252,000. Altshuler Shaham Ltd grew its stake in Fiverr International by 400.0% during the 1st quarter. Altshuler Shaham Ltd now owns 5,000 shares of the company’s stock valued at $50,000 after acquiring an additional 4,000 shares in the last quarter. Amundi acquired a new stake in Fiverr International in the 1st quarter valued at about $105,000. Engine Capital Management LP raised its holdings 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 acquiring an additional 588,220 shares during the last quarter. Finally, Rice Hall James & Associates LLC lifted its stake in Fiverr International by 5.3% in the 1st quarter. Rice Hall James & Associates LLC now owns 304,628 shares of the company’s stock worth $3,052,000 after purchasing an additional 15,331 shares in the last quarter. Institutional investors and hedge funds 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.