Fiverr International (NYSE:FVRR) Receives $16.25 Average PT from Brokerages

Fiverr International (NYSE:FVRR) has been assigned an average rating of “Reduce” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $16.25.

A number of analysts have weighed in on the company. Scotiabank downgraded Fiverr International from a “sector outperform” rating to a “sector perform” rating and set a $10.00 target price on the stock. in a research note on Thursday, July 30th. UBS Group cut their price target on Fiverr International from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Royal Bank Of Canada decreased their price target on Fiverr International from $16.00 to $9.00 and set a “sector perform” rating for the company in a report on Thursday, July 30th. Citigroup lowered their price objective on shares of Fiverr International from $15.00 to $11.50 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Finally, Wall Street Zen cut shares of Fiverr International from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st.

Fiverr International Stock Performance

Shares of NYSE:FVRR opened at $9.03 on Thursday. The company has a 50-day simple moving average of $9.84 and a 200-day simple moving average of $10.34. Fiverr International has a one year low of $8.60 and a one year high of $28.00. The stock has a market capitalization of $324.45 million, a price-to-earnings ratio of 11.14 and a beta of 1.44.

Fiverr International (NYSE:FVRR) last announced its earnings results on Tuesday, June 30th. The company reported $0.50 earnings per share for the quarter. The business had revenue of $97.78 million during the quarter. Fiverr International had a net margin of 7.18% and a return on equity of 16.14%. As a group, research analysts forecast that Fiverr International will post 0.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FVRR. Russell Investments Group Ltd. purchased a new position in Fiverr International during the fourth quarter worth about $32,000. Northwestern Mutual Wealth Management Co. acquired a new position in Fiverr International during the 4th quarter worth approximately $43,000. Clearstead Trust LLC acquired a new position in Fiverr International during the 4th quarter worth approximately $46,000. Caitong International Asset Management Co. Ltd increased its position in Fiverr International by 586.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,493 shares of the company’s stock worth $49,000 after purchasing an additional 2,130 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Fiverr International by 4,392.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the company’s stock worth $90,000 after buying an additional 2,987 shares in the last quarter. 59.00% of the stock is currently owned by institutional investors and hedge funds.

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.