Fiverr International (NYSE:FVRR) Given Consensus Rating of “Hold” by Analysts

Shares of Fiverr International (NYSE:FVRR) have been assigned a consensus rating of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $19.30.

Several equities analysts have recently issued reports on FVRR shares. BTIG Research reaffirmed a “neutral” rating on shares of Fiverr International in a report on Monday, March 2nd. Wall Street Zen raised Fiverr International from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research lowered Fiverr International from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. The Goldman Sachs Group reduced their target price on Fiverr International from $44.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $15.00 price objective (down from $30.00) on shares of Fiverr International in a report on Thursday, February 19th.

Hedge Funds Weigh In On Fiverr International

Several institutional investors and hedge funds have recently bought and sold shares of FVRR. Millennium Management LLC grew its holdings in Fiverr International by 20.9% during the first quarter. Millennium Management LLC now owns 369,714 shares of the company’s stock valued at $8,755,000 after purchasing an additional 63,828 shares during the period. Geode Capital Management LLC grew its holdings in Fiverr International by 4.5% during the second quarter. Geode Capital Management LLC now owns 25,817 shares of the company’s stock valued at $756,000 after purchasing an additional 1,112 shares during the period. Legal & General Group Plc grew its holdings in Fiverr International by 11.5% during the second quarter. Legal & General Group Plc now owns 33,271 shares of the company’s stock valued at $976,000 after purchasing an additional 3,437 shares during the period. Norges Bank bought a new position in Fiverr International during the second quarter valued at $995,000. Finally, First Trust Advisors LP bought a new position in Fiverr International during the second quarter valued at $627,000. 59.00% of the stock is owned by institutional investors.

Fiverr International Stock Performance

FVRR stock opened at $10.28 on Tuesday. The firm has a market cap of $369.39 million, a PE ratio of 13.17 and a beta of 1.41. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average of $10.66 and a 200-day moving average of $14.27. Fiverr International has a 12-month low of $9.67 and a 12-month high of $33.81.

Fiverr International (NYSE:FVRR) last released its earnings results on Tuesday, March 31st. The company reported $0.62 earnings per share (EPS) for the quarter. The company had revenue of $105.49 million during the quarter. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%. As a group, sell-side analysts expect that Fiverr International will post 1.15 earnings per share for the current year.

Fiverr International Company Profile

Fiverr International Ltd. operates an online marketplace that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.

Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.