Analysts Set Fiverr International (NYSE:FVRR) PT at $19.30

Fiverr International (NYSE:FVRR) has been given an average rating of “Hold” by the twelve analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $19.30.

A number of research analysts have recently commented on the company. Royal Bank Of Canada lowered their target price on Fiverr International from $28.00 to $16.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 18th. Needham & Company LLC reissued a “hold” rating on shares of Fiverr International in a research note on Wednesday, February 18th. Citigroup restated a “neutral” rating and issued a $15.00 target price (down from $33.00) on shares of Fiverr International in a report on Thursday, February 19th. Scotiabank lowered their price target on shares of Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating for the company in a report on Thursday, February 19th. Finally, BTIG Research reissued a “neutral” rating on shares of Fiverr International in a research note on Monday, March 2nd.

Institutional Trading of Fiverr International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Strategic Advocates LLC purchased a new position in Fiverr International during the third quarter worth $26,000. Russell Investments Group Ltd. purchased a new position in shares of Fiverr International during the 4th quarter worth about $32,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Fiverr International during the 4th quarter worth about $43,000. Clearstead Trust LLC bought a new position in Fiverr International during the 4th quarter valued at about $46,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Fiverr International by 586.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,493 shares of the company’s stock worth $49,000 after purchasing an additional 2,130 shares during the period. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Fiverr International Stock Up 0.1%

FVRR opened at $10.04 on Thursday. The company has a market capitalization of $360.97 million, a PE ratio of 17.62 and a beta of 1.32. The firm has a 50-day simple moving average of $13.22 and a two-hundred day simple moving average of $18.78. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.06. Fiverr International has a 52 week low of $9.81 and a 52 week high of $34.13.

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

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.