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

Fiverr International Ltd. (NYSE:FVRR) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $31.60.

A number of research firms recently weighed in on FVRR. Citigroup upped their target price on shares of Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. BTIG Research lowered shares of Fiverr International from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. The Goldman Sachs Group lowered their target price on shares of Fiverr International from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Roth Mkm reiterated a “buy” rating and issued a $32.00 price objective (up previously from $30.00) on shares of Fiverr International in a research note on Thursday, August 1st. Finally, JMP Securities increased their price objective on shares of Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st.

Fiverr International Price Performance

FVRR stock opened at $29.68 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.99 and a quick ratio of 2.99. Fiverr International has a 1 year low of $18.83 and a 1 year high of $32.68. The stock has a market capitalization of $1.15 billion, a PE ratio of 114.16 and a beta of 1.68. The company’s 50-day moving average is $24.99 and its 200-day moving average is $24.05.

Fiverr International (NYSE:FVRR) last posted its earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. The company had revenue of $99.63 million for the quarter, compared to analyst estimates of $96.37 million. Equities research analysts expect that Fiverr International will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Fiverr International

Several large investors have recently modified their holdings of the stock. Engine Capital Management LP increased its stake in shares of Fiverr International by 2.7% during the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after purchasing an additional 21,144 shares during the last quarter. ARK Investment Management LLC boosted its holdings in 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 during the period. Janney Montgomery Scott LLC boosted its holdings in Fiverr International by 21.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock worth $870,000 after buying an additional 7,307 shares during the period. California State Teachers Retirement System boosted its holdings in Fiverr International by 9.5% in the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after buying an additional 3,095 shares during the period. Finally, Shaker Investments LLC OH bought a new position in Fiverr International in the 3rd quarter worth approximately $552,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

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.