Fiverr International Ltd. (NYSE:FVRR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Fiverr International Ltd. (NYSE:FVRR) have earned an average rating of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $31.30.

Several brokerages recently weighed in on FVRR. Needham & Company LLC restated a “buy” rating and set a $36.00 target price on shares of Fiverr International in a research note on Wednesday, July 31st. Roth Mkm restated a “buy” rating and set a $32.00 target price (up previously from $30.00) on shares of Fiverr International in a research note on Thursday, August 1st. UBS Group downgraded Fiverr International from a “buy” rating to a “neutral” rating and decreased their target price for the company from $37.00 to $25.00 in a research note on Tuesday, July 2nd. Finally, The Goldman Sachs Group cut their price target on Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, August 1st.

Hedge Funds Weigh In On Fiverr International

A number of hedge funds have recently modified their holdings of FVRR. Engine Capital Management LP acquired a new position in shares of Fiverr International in the 4th quarter worth approximately $19,193,000. Janney Montgomery Scott LLC acquired a new position in shares of Fiverr International in the 4th quarter worth approximately $924,000. Arkadios Wealth Advisors raised its holdings in shares of 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 buying an additional 25,613 shares in the last quarter. ARK Investment Management LLC raised its holdings in shares of Fiverr International by 27.1% in the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock worth $2,568,000 after buying an additional 23,335 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of Fiverr International in the 1st quarter worth approximately $400,000. 59.00% of the stock is owned by institutional investors and hedge funds.

Fiverr International Stock Performance

FVRR opened at $25.31 on Friday. The stock has a 50-day moving average of $24.09 and a 200-day moving average of $23.00. Fiverr International has a 52-week low of $18.83 and a 52-week high of $31.61. The company has a market cap of $978.23 million, a PE ratio of 115.05 and a beta of 1.70. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.17 and a current ratio of 3.17.

Fiverr International (NYSE:FVRR) last announced its earnings results on Wednesday, July 31st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. Fiverr International had a return on equity of 5.67% and a net margin of 3.17%. The firm had revenue of $94.66 million during the quarter, compared to the consensus estimate of $94.69 million. As a group, equities research analysts forecast that Fiverr International will post 0.57 earnings per share for the current fiscal year.

About Fiverr International

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.