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

Shares of Fiverr International Ltd. (NYSE:FVRR) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $31.60.

A number of equities research analysts have weighed in on FVRR shares. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 target price on shares of Fiverr International in a report on Wednesday, October 30th. JMP Securities boosted their target price on shares of Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a research report on Thursday. Roth Mkm reissued a “buy” rating and set a $32.00 target price (up from $30.00) on shares of Fiverr International in a research note on Thursday, August 1st. Citigroup lifted their price target on shares of Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday. Finally, The Goldman Sachs Group cut their price objective on shares of Fiverr International from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st.

Fiverr International Trading Up 3.2 %

FVRR opened at $30.19 on Monday. The stock has a market cap of $1.17 billion, a PE ratio of 116.12 and a beta of 1.68. The company has a quick ratio of 3.17, a current ratio of 2.99 and a debt-to-equity ratio of 1.47. Fiverr International has a twelve month low of $18.83 and a twelve month high of $32.68. The company has a fifty day moving average of $24.62 and a 200-day moving average of $23.77.

Fiverr International (NYSE:FVRR) last issued its quarterly 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. The firm had revenue of $99.63 million during the quarter, compared to the consensus estimate of $96.37 million. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. On average, sell-side analysts predict that Fiverr International will post 0.57 EPS for the current year.

Institutional Investors Weigh In On Fiverr International

A number of institutional investors and hedge funds have recently made changes to their positions in FVRR. Shaker Investments LLC OH acquired a new position in Fiverr International during the 3rd quarter valued at about $552,000. Engine Capital Management LP lifted its holdings in shares of Fiverr International by 2.7% in the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock valued at $19,079,000 after purchasing an additional 21,144 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Fiverr International by 18.4% during the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock valued at $332,000 after buying an additional 2,208 shares during the last quarter. ARK Investment Management LLC grew its holdings in Fiverr International by 27.1% during the second 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 bought a new stake in Fiverr International during the first quarter worth $400,000. Institutional investors and hedge funds own 59.00% of the company’s stock.

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.