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

Shares of Fiverr International (NYSE:FVRR) have earned an average recommendation of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $19.30.

A number of equities analysts have issued reports on FVRR shares. Royal Bank Of Canada cut their price target on Fiverr International from $28.00 to $16.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings upgraded shares of Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group dropped their price target on shares of Fiverr International from $44.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Zacks Research upgraded Fiverr International from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $15.00 price target (down from $30.00) on shares of Fiverr International in a research report on Thursday, February 19th.

Hedge Funds Weigh In On Fiverr International

Hedge funds and other institutional investors have recently modified their holdings of the company. Tidal Investments LLC boosted its holdings in shares of Fiverr International by 2.5% during the 2nd quarter. Tidal Investments LLC now owns 25,420 shares of the company’s stock valued at $746,000 after purchasing an additional 614 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Fiverr International by 4.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,003 shares of the company’s stock worth $366,000 after buying an additional 672 shares in the last quarter. Strategic Advocates LLC bought a new stake in shares of Fiverr International in the 3rd quarter valued at about $26,000. Geode Capital Management LLC boosted its position in Fiverr International by 4.5% during the 2nd quarter. Geode Capital Management LLC now owns 25,817 shares of the company’s stock valued at $756,000 after acquiring an additional 1,112 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in Fiverr International during the 4th quarter valued at $32,000. 59.00% of the stock is owned by institutional investors.

Fiverr International Trading Down 1.3%

Shares of NYSE FVRR opened at $10.91 on Friday. The company has a market cap of $392.25 million, a PE ratio of 13.99 and a beta of 1.43. Fiverr International has a 1-year low of $9.67 and a 1-year high of $34.13. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $10.63 and a two-hundred day moving average of $15.77.

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

About Fiverr International

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.