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

Fiverr International (NYSE:FVRR) has earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $19.30.

FVRR has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Fiverr International in a research report on Thursday, January 29th. The Goldman Sachs Group cut their price objective on shares of Fiverr International from $44.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Wall Street Zen cut shares of Fiverr International from a “buy” rating to a “hold” rating in a report on Saturday. Scotiabank lowered their price target on shares of Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating on the stock in a report on Thursday, February 19th. Finally, Citigroup reiterated 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.

Fiverr International Price Performance

NYSE FVRR opened at $11.09 on Friday. The company has a market cap of $397.29 million, a price-to-earnings ratio of 19.45 and a beta of 1.31. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.94 and a quick ratio of 1.33. The stock’s fifty day moving average price is $16.85 and its 200 day moving average price is $20.57. Fiverr International has a 1 year low of $10.25 and a 1 year high of $34.13.

Fiverr International (NYSE:FVRR) last issued its quarterly 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 during 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 firm’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 EPS. As a group, equities research analysts forecast that Fiverr International will post 1.04 earnings per share for the current year.

Institutional Investors Weigh In On Fiverr International

A number of hedge funds and other institutional investors have recently made changes to their positions in FVRR. Ameriprise Financial Inc. lifted its stake in shares of Fiverr International by 26.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company’s stock valued at $65,666,000 after purchasing an additional 566,636 shares during the period. Acadian Asset Management LLC increased its holdings in Fiverr International by 18.9% in the second quarter. Acadian Asset Management LLC now owns 1,380,046 shares of the company’s stock valued at $40,450,000 after buying an additional 219,743 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Fiverr International by 16.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,077,797 shares of the company’s stock worth $31,612,000 after acquiring an additional 149,125 shares during the period. Avory & Company LLC boosted its stake in shares of Fiverr International by 0.8% during the 3rd quarter. Avory & Company LLC now owns 1,064,005 shares of the company’s stock worth $25,972,000 after acquiring an additional 8,694 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Fiverr International by 4.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 840,575 shares of the company’s stock valued at $20,518,000 after acquiring an additional 35,841 shares during the period. 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.