Fiverr International Ltd. (NYSE:FVRR) Given Consensus Rating of “Moderate Buy” by Analysts

Fiverr International Ltd. (NYSE:FVRRGet Rating) has earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $40.63.

A number of equities analysts have recently issued reports on the company. Needham & Company LLC reduced their price target on Fiverr International from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, November 10th. Citigroup initiated coverage on shares of Fiverr International in a report on Tuesday, December 13th. They set a “buy” rating and a $45.00 price objective on the stock. The Goldman Sachs Group dropped their price objective on shares of Fiverr International from $42.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, November 10th. Oppenheimer dropped their price objective on shares of Fiverr International from $50.00 to $40.00 in a report on Thursday, November 10th. Finally, Royal Bank of Canada boosted their price objective on shares of Fiverr International from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, November 10th.

Fiverr International Stock Performance

Shares of NYSE:FVRR opened at $36.01 on Tuesday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -14.82 and a beta of 1.73. Fiverr International has a 52 week low of $26.16 and a 52 week high of $94.37. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 1.90. The firm has a 50 day moving average of $32.35 and a 200 day moving average of $33.17.

Fiverr International (NYSE:FVRRGet Rating) last issued its quarterly earnings results on Wednesday, November 9th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.27. The business had revenue of $82.54 million for the quarter, compared to the consensus estimate of $81.45 million. Fiverr International had a negative return on equity of 32.87% and a negative net margin of 26.86%. On average, sell-side analysts predict that Fiverr International will post -1.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fiverr International

Several hedge funds have recently modified their holdings of the company. ARK Investment Management LLC boosted its stake in shares of Fiverr International by 54.8% in the third quarter. ARK Investment Management LLC now owns 62,808 shares of the company’s stock worth $1,921,000 after acquiring an additional 22,243 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new position in shares of Fiverr International in the 2nd quarter valued at $5,184,000. Public Employees Retirement Association of Colorado lifted its stake in shares of Fiverr International by 26.6% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 10,393 shares of the company’s stock valued at $357,000 after purchasing an additional 2,185 shares during the last quarter. Taylor Frigon Capital Management LLC lifted its stake in shares of Fiverr International by 3.6% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 55,346 shares of the company’s stock valued at $1,693,000 after purchasing an additional 1,918 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Fiverr International by 41.8% in the 3rd quarter. SG Americas Securities LLC now owns 40,019 shares of the company’s stock valued at $1,224,000 after purchasing an additional 11,789 shares during the last quarter. 47.70% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Fiverr International (NYSE:FVRR)

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