Fiverr International (NYSE:FVRR) Receives $16.25 Consensus Price Target from Analysts

Fiverr International (NYSE:FVRR) has earned an average rating of “Reduce” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $16.25.

A number of equities research analysts recently weighed in on FVRR shares. Weiss Ratings upgraded Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $13.00 target price (down from $26.00) on shares of Fiverr International in a research report on Thursday, July 30th. Oppenheimer lowered Fiverr International from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Citigroup reduced their price target on Fiverr International from $15.00 to $11.50 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Finally, Zacks Research raised Fiverr International from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th.

Fiverr International Stock Performance

NYSE FVRR opened at $9.19 on Friday. The firm’s fifty day moving average price is $10.18 and its two-hundred day moving average price is $10.87. The stock has a market cap of $330.38 million, a PE ratio of 11.35 and a beta of 1.39. Fiverr International has a fifty-two week low of $8.60 and a fifty-two week high of $28.00.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.50 earnings per share (EPS) for the quarter. Fiverr International had a net margin of 7.18% and a return on equity of 16.14%. The company had revenue of $97.78 million during the quarter. As a group, sell-side analysts predict that Fiverr International will post 0.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fiverr International

A number of institutional investors have recently added to or reduced their stakes in the business. Sparta 24 Ltd. bought a new position in shares of Fiverr International during the first quarter valued at $9,410,000. Engine Capital Management LP lifted its holdings in shares of Fiverr International by 78.4% during the first quarter. Engine Capital Management LP now owns 1,338,644 shares of the company’s stock worth $13,413,000 after purchasing an additional 588,220 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Fiverr International by 26.7% in the third quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company’s stock worth $65,666,000 after purchasing an additional 566,636 shares during the last quarter. Man Group plc grew its stake in shares of Fiverr International by 562.3% in the fourth quarter. Man Group plc now owns 279,484 shares of the company’s stock worth $5,523,000 after purchasing an additional 237,284 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Fiverr International by 155.2% in the third quarter. UBS Group AG now owns 366,141 shares of the company’s stock worth $8,938,000 after purchasing an additional 222,667 shares during the last quarter. 59.00% of the stock is owned by 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.