Fiverr International (FVRR) – What Are Investment Firms Saying About This Stock?

Fiverr International (NYSE:FVRR) has earned a consensus rating of “Reduce” from the twelve analysts that are currently covering the company, MarketBeat 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 brokerages that have issued a report on the stock in the last year is $11.06.

Several analysts recently weighed in on the stock. UBS Group cut their price target on shares of Fiverr International from $10.00 to $9.50 and set a “neutral” rating on the stock in a report on Friday, October 30th. JPMorgan Chase & Co. decreased their price objective on shares of Fiverr International from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, October 30th. The Goldman Sachs Group raised their target price on shares of Fiverr International from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Monday. Oppenheimer lowered shares of Fiverr International from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Finally, Scotiabank cut their target price on shares of Fiverr International from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Friday, October 30th.

Institutional Trading of Fiverr International

Several institutional investors and hedge funds have recently bought and sold shares of FVRR. Altshuler Shaham Ltd raised its position in shares of Fiverr International by 400.0% in the 1st quarter. Altshuler Shaham Ltd now owns 5,000 shares of the company’s stock worth $50,000 after acquiring an additional 4,000 shares in the last quarter. State of Wyoming purchased a new position in shares of Fiverr International in the 3rd quarter valued at approximately $68,000. Amundi purchased a new position in shares of Fiverr International in the 1st quarter valued at approximately $105,000. Maxi Investments CY Ltd purchased a new position in shares of Fiverr International in the 2nd quarter valued at approximately $111,000. Finally, Independent Financial Group LLC purchased a new position in shares of Fiverr International in the 1st quarter valued at approximately $131,000. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

Fiverr International Price Performance

Shares of NYSE:FVRR opened at $8.39 on Friday. Fiverr International has a 1 year low of $8.01 and a 1 year high of $22.70. The company has a market cap of $301.80 million, a PE ratio of 5.58 and a beta of 1.56. The stock’s 50-day moving average is $8.73 and its 200 day moving average is $10.56.

Fiverr International (NYSE:FVRR) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.14. The business had revenue of $90.90 million during the quarter, compared to analyst estimates of $83.78 million. Fiverr International had a return on equity of 13.54% and a net margin of 6.42%. Fiverr International’s quarterly revenue was down 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 EPS. Analysts expect that Fiverr International will post 0.88 EPS for the current fiscal year.

About Fiverr International

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.