Fiverr International Ltd. (NYSE:FVRR) Receives Average Recommendation of “Buy” from Analysts

Fiverr International Ltd. (NYSE:FVRR – Get Rating) has received a consensus recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $86.00.

Several equities research analysts have recently weighed in on FVRR shares. Needham & Company LLC reduced their price objective on Fiverr International from $100.00 to $40.00 in a research note on Thursday, May 12th. Royal Bank of Canada reduced their price objective on Fiverr International from $80.00 to $32.00 in a research note on Thursday, May 12th. MKM Partners reduced their price objective on Fiverr International from $68.00 to $34.00 in a research note on Thursday, May 12th. Piper Sandler decreased their target price on Fiverr International from $80.00 to $50.00 in a research report on Wednesday, May 11th. Finally, JMP Securities decreased their target price on Fiverr International from $120.00 to $55.00 in a research report on Thursday, May 12th.

Shares of NYSE FVRR opened at $38.93 on Monday. The stock has a fifty day moving average price of $60.19 and a two-hundred day moving average price of $90.58. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.33 and a current ratio of 2.33. The firm has a market cap of $1.43 billion, a P/E ratio of -22.25 and a beta of 2.01. Fiverr International has a 1 year low of $29.04 and a 1 year high of $262.90.

Fiverr International (NYSE:FVRR – Get Rating) last issued its quarterly earnings results on Wednesday, May 11th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.78. Fiverr International had a negative return on equity of 17.23% and a negative net margin of 20.30%. During the same quarter last year, the company posted ($0.29) earnings per share. On average, research analysts predict that Fiverr International will post -2.26 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of FVRR. Power Corp of Canada acquired a new stake in Fiverr International during the first quarter worth about $304,000. Industrial Alliance Investment Management Inc. acquired a new stake in Fiverr International during the first quarter worth about $134,000. Lord Abbett & CO. LLC acquired a new stake in Fiverr International during the first quarter worth about $25,208,000. Bank of New York Mellon Corp grew its position in Fiverr International by 5.4% during the first quarter. Bank of New York Mellon Corp now owns 56,619 shares of the company’s stock worth $4,308,000 after buying an additional 2,891 shares in the last quarter. Finally, Keebeck Alpha LP grew its position in Fiverr International by 121.3% during the first quarter. Keebeck Alpha LP now owns 5,787 shares of the company’s stock worth $440,000 after buying an additional 3,172 shares in the last quarter. Institutional investors own 57.26% of the company’s stock.

Fiverr International Company Profile (Get Rating)

Fiverr International Ltd. operates an online marketplace worldwide. Its platform enables sellers to sell their services and buyers to buy them. The company's platform includes approximately 550 categories in nine verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, data, and lifestyle.

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