Fiverr International (NYSE:FVRR) Receives $19.30 Average PT from Analysts

Fiverr International (NYSE:FVRR) has been given an average rating of “Hold” by the twelve analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $19.30.

A number of research analysts recently issued reports on the company. Wall Street Zen raised Fiverr International from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Weiss Ratings lowered shares of Fiverr International from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 23rd. Finally, Zacks Research upgraded shares of Fiverr International from a “strong sell” rating to a “hold” rating in a research report on Monday.

Fiverr International Stock Up 6.2%

NYSE FVRR opened at $10.96 on Friday. The firm has a market cap of $394.08 million, a PE ratio of 14.05 and a beta of 1.39. Fiverr International has a one year low of $9.58 and a one year high of $29.90. The stock’s 50 day simple moving average is $10.65 and its 200 day simple moving average is $13.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 1.85.

Fiverr International (NYSE:FVRR) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.62 earnings per share for the quarter. The firm had revenue of $105.49 million during the quarter. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%. As a group, sell-side analysts forecast that Fiverr International will post 1.24 earnings per share for the current fiscal year.

Institutional Trading of Fiverr International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC lifted its holdings in Fiverr International by 20.9% during the 1st quarter. Millennium Management LLC now owns 369,714 shares of the company’s stock worth $8,755,000 after buying an additional 63,828 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Fiverr International by 4.5% during the second quarter. Geode Capital Management LLC now owns 25,817 shares of the company’s stock worth $756,000 after acquiring an additional 1,112 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Fiverr International by 11.5% during the second quarter. Legal & General Group Plc now owns 33,271 shares of the company’s stock valued at $976,000 after acquiring an additional 3,437 shares during the period. Norges Bank bought a new position in Fiverr International in the second quarter valued at about $995,000. Finally, First Trust Advisors LP bought a new position in Fiverr International in the second quarter valued at about $627,000. 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.