Fiverr International (NYSE:FVRR) Stock Has Average Price Target of $12.56 According to Analysts

Fiverr International (NYSE:FVRR) has been assigned an average rating of “Reduce” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and eleven have issued a hold recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $12.56.

Several equities analysts have issued reports on FVRR shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $13.00 price target (down from $26.00) on shares of Fiverr International in a report on Thursday, July 30th. Weiss Ratings lowered Fiverr International from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 29th. Royal Bank Of Canada lowered their price objective on Fiverr International from $16.00 to $9.00 and set a “sector perform” rating for the company in a research report on Thursday, July 30th. Oppenheimer downgraded Fiverr International from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Finally, Citigroup reduced their target price on Fiverr International from $15.00 to $11.50 and set a “neutral” rating on the stock in a research report on Thursday, July 30th.

Fiverr International Stock Performance

NYSE:FVRR opened at $8.71 on Monday. Fiverr International has a fifty-two week low of $8.31 and a fifty-two week high of $23.85. The stock has a market capitalization of $313.30 million, a P/E ratio of 10.76 and a beta of 1.51. The company’s 50-day simple moving average is $8.99 and its 200-day simple moving average is $10.03.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.50 earnings per share (EPS) for the quarter. The firm had revenue of $97.78 million for the quarter. Fiverr International had a net margin of 7.18% and a return on equity of 16.14%. On average, research analysts forecast that Fiverr International will post 0.93 EPS for the current year.

Institutional Investors Weigh In On Fiverr International

Large investors have recently modified their holdings of the business. Tidal Investments LLC increased its holdings in shares of Fiverr International by 235.2% during the second quarter. Tidal Investments LLC now owns 100,794 shares of the company’s stock valued at $1,040,000 after acquiring an additional 70,727 shares in the last quarter. Corient Private Wealth LP acquired a new stake in Fiverr International in the 2nd quarter worth approximately $262,000. Wellington Management Group LLP grew its position in Fiverr International by 16.5% during the 2nd quarter. Wellington Management Group LLP now owns 1,269,405 shares of the company’s stock worth $13,100,000 after purchasing an additional 179,418 shares during the last quarter. Maxi Investments CY Ltd purchased a new stake in Fiverr International during the 2nd quarter worth approximately $111,000. Finally, Segall Bryant & Hamill LLC acquired a new position in Fiverr International during the 1st quarter valued at approximately $252,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Fiverr International Company Profile

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

Fiverr supports transactions between buyers and freelancers through tools for discovering services, communicating, managing projects, and completing payments.