Fiverr International Ltd. (NYSE:FVRR) Receives $169.56 Consensus PT from Brokerages

Shares of Fiverr International Ltd. (NYSE:FVRR – Get Rating) have received an average recommendation of “Hold” from the ten research firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $169.56.

A number of equities analysts have weighed in on the company. Royal Bank of Canada decreased their price target on Fiverr International from $195.00 to $80.00 and set a “sector perform” rating for the company in a report on Friday, February 18th. Piper Sandler decreased their price target on Fiverr International from $120.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, March 16th. Needham & Company LLC decreased their price target on Fiverr International from $205.00 to $100.00 and set a “buy” rating for the company in a report on Friday, February 18th. JMP Securities decreased their price target on Fiverr International from $150.00 to $120.00 in a report on Friday, February 18th. Finally, JPMorgan Chase & Co. dropped their target price on Fiverr International from $170.00 to $134.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 15th.

Several institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System increased its holdings in shares of Fiverr International by 4.1% during the fourth quarter. California State Teachers Retirement System now owns 32,767 shares of the company’s stock valued at $3,726,000 after purchasing an additional 1,282 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Fiverr International by 258.3% during the fourth quarter. Parametric Portfolio Associates LLC now owns 50,147 shares of the company’s stock worth $5,702,000 after acquiring an additional 36,153 shares during the period. Advisors Asset Management Inc. grew its holdings in Fiverr International by 276.9% during the fourth quarter. Advisors Asset Management Inc. now owns 946 shares of the company’s stock worth $108,000 after acquiring an additional 695 shares during the period. Deer Management Co. LLC acquired a new position in Fiverr International during the fourth quarter worth about $164,413,000. Finally, Geode Capital Management LLC grew its holdings in Fiverr International by 846.6% during the fourth quarter. Geode Capital Management LLC now owns 157,068 shares of the company’s stock worth $17,799,000 after acquiring an additional 140,475 shares during the period. 57.80% of the stock is currently owned by institutional investors.

FVRR traded down $1.02 on Friday, reaching $67.82. 777,136 shares of the company’s stock were exchanged, compared to its average volume of 812,209. The company’s 50 day moving average is $74.79 and its 200-day moving average is $118.82. The company has a market cap of $2.49 billion, a price-to-earnings ratio of -38.10 and a beta of 1.83. Fiverr International has a twelve month low of $55.82 and a twelve month high of $262.90. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.48 and a current ratio of 2.48.

Fiverr International (NYSE:FVRR – Get Rating) last posted its earnings results on Thursday, February 17th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.45) by ($0.08). The business had revenue of $79.80 million for the quarter, compared to analyst estimates of $76.82 million. Fiverr International had a negative return on equity of 14.47% and a negative net margin of 21.84%. The firm’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period last year, the company posted ($0.04) EPS. Sell-side analysts forecast that Fiverr International will post -2.26 EPS for the current year.

Fiverr International Company Profile (Get Rating)

Fiverr International Ltd. develops an e-commerce platform that allows people to buy and sell digital services. It operates through the following geographical segments: U.S., Europe, Asia Pacific, Rest of the World and Israel. The firm offers digital marketing, graphics and design, video and animation, writing and translation, and music and audio.

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