Analysts Expect Fiverr International Ltd. (NYSE:FVRR) Will Post Earnings of $0.04 Per Share

Wall Street brokerages expect Fiverr International Ltd. (NYSE:FVRRGet Rating) to report earnings per share of $0.04 for the current quarter, Zacks reports. Three analysts have provided estimates for Fiverr International’s earnings, with the lowest EPS estimate coming in at ($0.04) and the highest estimate coming in at $0.08. Fiverr International reported earnings per share of ($0.01) in the same quarter last year, which suggests a positive year-over-year growth rate of 500%. The firm is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Fiverr International will report full-year earnings of $0.58 per share for the current fiscal year, with EPS estimates ranging from $0.27 to $0.76. For the next year, analysts forecast that the business will post earnings of $1.48 per share, with EPS estimates ranging from $1.05 to $1.84. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Fiverr International.

Fiverr International (NYSE:FVRRGet Rating) last posted its quarterly earnings results on Thursday, February 17th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.45) by ($0.08). Fiverr International had a negative net margin of 21.84% and a negative return on equity of 14.47%. The business had revenue of $79.80 million during the quarter, compared to analyst estimates of $76.82 million. During the same period in the previous year, the business posted ($0.04) EPS. The business’s revenue for the quarter was up 42.8% compared to the same quarter last year.

A number of equities analysts have issued reports on FVRR shares. Piper Sandler cut their price objective on shares of Fiverr International from $120.00 to $100.00 and set an “overweight” rating on the stock in a report on Wednesday, March 16th. Needham & Company LLC cut their price objective on shares of Fiverr International from $205.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, February 18th. Zacks Investment Research raised shares of Fiverr International from a “sell” rating to a “hold” rating in a report on Tuesday, January 11th. Royal Bank of Canada cut their price target on shares of Fiverr International from $195.00 to $80.00 and set a “sector perform” rating on the stock in a report on Friday, February 18th. Finally, JMP Securities cut their price target on shares of Fiverr International from $150.00 to $120.00 in a report on Friday, February 18th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $169.56.

FVRR opened at $63.75 on Friday. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.14. The firm’s fifty day moving average price is $73.09 and its two-hundred day moving average price is $113.71. Fiverr International has a 1 year low of $55.82 and a 1 year high of $262.90.

Several institutional investors and hedge funds have recently made changes to their positions in FVRR. Deer Management Co. LLC purchased a new position in shares of Fiverr International during the fourth quarter worth about $164,413,000. Millennium Management LLC raised its stake in Fiverr International by 653.5% in the third quarter. Millennium Management LLC now owns 269,159 shares of the company’s stock valued at $49,170,000 after purchasing an additional 233,439 shares in the last quarter. Riverbridge Partners LLC raised its stake in Fiverr International by 38.9% in the fourth quarter. Riverbridge Partners LLC now owns 756,719 shares of the company’s stock valued at $86,039,000 after purchasing an additional 212,015 shares in the last quarter. Geode Capital Management LLC raised its stake in Fiverr International by 846.6% in the fourth quarter. Geode Capital Management LLC now owns 157,068 shares of the company’s stock valued at $17,799,000 after purchasing an additional 140,475 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Fiverr International by 258.3% in the fourth quarter. Parametric Portfolio Associates LLC now owns 50,147 shares of the company’s stock valued at $5,702,000 after purchasing an additional 36,153 shares in the last quarter. Hedge funds and other institutional investors own 57.80% of the company’s stock.

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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