Fiverr International Ltd. (NYSE:FVRR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Fiverr International Ltd. (NYSE:FVRR) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $33.82.

Several research firms recently weighed in on FVRR. The Goldman Sachs Group raised their target price on shares of Fiverr International from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, May 13th. BTIG Research reduced their target price on Fiverr International from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Fiverr International in a research note on Thursday, May 9th.

Institutional Trading of Fiverr International

A number of institutional investors have recently bought and sold shares of FVRR. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Fiverr International by 144.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 862,955 shares of the company’s stock valued at $23,490,000 after acquiring an additional 510,000 shares during the period. Engine Capital Management LP bought a new position in Fiverr International during the 4th quarter valued at about $19,193,000. Arkadios Wealth Advisors raised its position in Fiverr International by 28.0% in the 1st quarter. Arkadios Wealth Advisors now owns 117,105 shares of the company’s stock worth $2,467,000 after purchasing an additional 25,613 shares during the period. Essex Investment Management Co. LLC grew its position in Fiverr International by 12.9% in the 4th quarter. Essex Investment Management Co. LLC now owns 84,770 shares of the company’s stock valued at $2,307,000 after acquiring an additional 9,694 shares during the last quarter. Finally, ARK Investment Management LLC increased its stake in Fiverr International by 3.9% in the fourth quarter. ARK Investment Management LLC now owns 76,334 shares of the company’s stock worth $2,078,000 after purchasing an additional 2,849 shares during the period. 59.00% of the stock is currently owned by institutional investors.

Fiverr International Price Performance

NYSE:FVRR opened at $22.21 on Tuesday. The business’s 50-day simple moving average is $23.19 and its two-hundred day simple moving average is $24.13. Fiverr International has a 52 week low of $18.83 and a 52 week high of $34.49. The stock has a market cap of $858.42 million, a PE ratio of 100.95 and a beta of 1.71. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 1.23.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). Fiverr International had a return on equity of 4.87% and a net margin of 2.38%. The business had revenue of $93.52 million during the quarter, compared to analysts’ expectations of $92.45 million. As a group, analysts forecast that Fiverr International will post 0.45 EPS for the current fiscal year.

Fiverr International Company Profile

Fiverr International Ltd. operates an online marketplace worldwide. Its platform enables sellers to sell their services and buyers to buy them. The company's platform includes various categories in ten verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and tech, business, data, lifestyle, and photography.