Fiverr International (NYSE:FVRR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Fiverr International (NYSE:FVRR) have been given a consensus rating of “Hold” by the twelve brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $19.30.

FVRR has been the topic of a number of recent research reports. Citigroup reissued a “neutral” rating and set a $15.00 price objective (down from $33.00) on shares of Fiverr International in a research note on Thursday, February 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 price target (down from $30.00) on shares of Fiverr International in a report on Thursday, February 19th. BTIG Research lowered their price target on shares of Fiverr International from $31.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Roth Mkm cut shares of Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research report on Thursday, February 19th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Fiverr International in a report on Thursday, January 29th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in Fiverr International in the fourth quarter valued at $361,000. State of Tennessee Department of Treasury increased its stake in Fiverr International by 17.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 53,063 shares of the company’s stock worth $1,049,000 after purchasing an additional 7,973 shares during the period. Twinbeech Capital LP acquired a new stake in shares of Fiverr International during the fourth quarter worth about $366,000. Susquehanna Fundamental Investments LLC lifted its position in shares of Fiverr International by 783.8% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 116,655 shares of the company’s stock worth $2,305,000 after purchasing an additional 103,455 shares in the last quarter. Finally, Numerai GP LLC boosted its stake in shares of Fiverr International by 150.3% in the fourth quarter. Numerai GP LLC now owns 117,432 shares of the company’s stock valued at $2,320,000 after purchasing an additional 70,515 shares during the period. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

Fiverr International Stock Down 7.5%

Shares of NYSE FVRR opened at $10.82 on Friday. The stock has a market cap of $387.65 million, a PE ratio of 18.98 and a beta of 1.31. The company has a current ratio of 1.94, a quick ratio of 1.33 and a debt-to-equity ratio of 0.06. Fiverr International has a 12-month low of $10.25 and a 12-month high of $34.13. The company has a 50-day moving average of $16.33 and a 200 day moving average of $20.36.

Fiverr International (NYSE:FVRR) last issued its earnings results on Wednesday, February 18th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.10. The business had revenue of $107.17 million for the quarter, compared to analysts’ expectations 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 firm posted $0.64 EPS. As a group, sell-side analysts predict that Fiverr International will post 1.04 EPS 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.