Fiverr International (NYSE:FVRR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Fiverr International (NYSE:FVRR) from a hold rating to a buy rating in a research report released on Saturday.

A number of other equities analysts have also issued reports on FVRR. Scotiabank cut their target price on Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating on the stock in a research report on Thursday, February 19th. Royal Bank Of Canada decreased their price target on shares of 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. Weiss Ratings restated a “sell (d+)” rating on shares of Fiverr International in a research note on Thursday, January 29th. Zacks Research cut shares of Fiverr International from a “hold” rating to a “strong sell” rating in a report on Monday, February 23rd. Finally, Roth Mkm downgraded shares of Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a research note on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Fiverr International currently has an average rating of “Hold” and a consensus target price of $19.30.

Fiverr International Stock Down 1.0%

Shares of Fiverr International stock opened at $10.15 on Friday. Fiverr International has a 1-year low of $9.90 and a 1-year high of $34.13. The company has a market capitalization of $364.71 million, a PE ratio of 17.80 and a beta of 1.33. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.93 and a quick ratio of 1.93. The business has a 50-day moving average of $13.52 and a 200-day moving average of $18.94.

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 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 company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 earnings per share. As a group, equities analysts forecast that Fiverr International will post 1.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Strategic Advocates LLC bought a new stake in shares of Fiverr International in the 3rd quarter valued at approximately $26,000. Russell Investments Group Ltd. bought a new position in Fiverr International during the fourth quarter worth $32,000. Northwestern Mutual Wealth Management Co. acquired a new position in Fiverr International in the fourth quarter worth $43,000. Clearstead Trust LLC acquired a new position in Fiverr International in the fourth quarter worth $46,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in Fiverr International by 586.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,493 shares of the company’s stock valued at $49,000 after purchasing an additional 2,130 shares during the last quarter. 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.