Fiverr International’s (FVRR) “Neutral” Rating Reiterated at BTIG Research

BTIG Research reiterated their neutral rating on shares of Fiverr International (NYSE:FVRR) in a research note published on Monday, Marketbeat reports.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group reduced their price objective on shares of Fiverr International from $44.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Scotiabank lowered their price objective on Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating for the company in a research report on Thursday, February 19th. Needham & Company LLC restated a “hold” rating on shares of Fiverr International in a research note on Wednesday, February 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $15.00 price target (down from $30.00) on shares of Fiverr International in a research note on Thursday, February 19th. Finally, Royal Bank Of Canada lowered their price target on Fiverr International from $28.00 to $16.00 and set a “sector perform” rating for the company in a report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Fiverr International presently has an average rating of “Hold” and a consensus target price of $19.30.

Fiverr International Stock Up 2.0%

Fiverr International stock opened at $10.91 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.94 and a debt-to-equity ratio of 0.06. The firm has a market cap of $390.84 million, a P/E ratio of 19.13 and a beta of 1.32. The business has a fifty day moving average of $15.78 and a two-hundred day moving average of $20.11. Fiverr International has a twelve month low of $10.15 and a twelve month high of $34.13.

Fiverr International (NYSE:FVRR) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.76 by $0.10. The firm had revenue of $107.17 million during the quarter, compared to analyst estimates of $108.98 million. Fiverr International had a return on equity of 16.58% and a net margin of 4.87%.The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 EPS. On average, analysts forecast that Fiverr International will post 1.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Strategic Advocates LLC acquired a new stake in Fiverr International during the 3rd quarter valued at approximately $26,000. Assetmark Inc. acquired a new position in Fiverr International during the second quarter valued at $41,000. Russell Investments Group Ltd. purchased a new stake in Fiverr International in the fourth quarter valued at $32,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Fiverr International in the fourth quarter valued at $43,000. Finally, Clearstead Trust LLC acquired a new stake in Fiverr International during the 4th quarter worth about $46,000. Institutional investors and hedge funds own 59.00% of the company’s stock.

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.