Fiverr International (NYSE:FVRR) Stock Now Rated “Reduce” by Wall Street Analysts

Shares of Fiverr International (NYSE:FVRR) have been assigned an average rating of “Reduce” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and eleven have issued a hold recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $11.06.

Several research firms have recently issued reports on FVRR. Scotiabank lowered their price objective on Fiverr International from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Friday, October 30th. Oppenheimer downgraded shares of Fiverr International from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 30th. Royal Bank Of Canada cut their target price on shares of Fiverr International from $16.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings lowered shares of Fiverr International from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday. Finally, Citigroup decreased their price target on shares of Fiverr International from $11.50 to $10.00 and set a “neutral” rating for the company in a research report on Monday.

Hedge Funds Weigh In On Fiverr International

A number of hedge funds have recently made changes to their positions in the stock. Altshuler Shaham Ltd raised its holdings in Fiverr International by 400.0% during the 1st quarter. Altshuler Shaham Ltd now owns 5,000 shares of the company’s stock worth $50,000 after purchasing an additional 4,000 shares during the last quarter. State of Wyoming bought a new stake in shares of Fiverr International in the 3rd quarter valued at $68,000. Amundi bought a new stake in shares of Fiverr International in the 1st quarter valued at $105,000. Maxi Investments CY Ltd bought a new stake in shares of Fiverr International in the 2nd quarter valued at $111,000. Finally, Independent Financial Group LLC bought a new stake in shares of Fiverr International in the 1st quarter valued at $131,000. 59.00% of the stock is currently owned by institutional investors.

Fiverr International Stock Down 4.0%

NYSE FVRR opened at $8.30 on Friday. The company has a market cap of $298.56 million, a price-to-earnings ratio of 5.54 and a beta of 1.56. Fiverr International has a twelve month low of $8.01 and a twelve month high of $22.84. The business’s fifty day moving average is $8.77 and its 200 day moving average is $10.64.

Fiverr International (NYSE:FVRR) last issued its earnings results on Thursday, October 29th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.14. Fiverr International had a return on equity of 13.54% and a net margin of 6.42%. The business had revenue of $90.90 million during the quarter, compared to analysts’ expectations of $83.78 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The business’s revenue for the quarter was down 15.8% compared to the same quarter last year. On average, research analysts anticipate that Fiverr International will post 0.88 earnings per share for the current fiscal year.

Fiverr International Company Profile

Fiverr International Ltd. operates an online marketplace that connects businesses and individual customers with freelancers offering digital services. The platform covers categories such as graphic design, digital marketing, writing and translation, video and animation, programming and technology, music and audio, business services, and consulting.

Fiverr’s marketplace is designed to support transactions between buyers and sellers, including service discovery, communication, payments, and delivery.