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

Shares of Fiverr International Ltd. (NYSE:FVRR) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $35.82.

Several research firms have issued reports on FVRR. The Goldman Sachs Group upgraded Fiverr International from a “neutral” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Friday, January 19th. Royal Bank of Canada cut their price target on Fiverr International from $30.00 to $26.00 and set a “sector perform” rating for the company in a report on Friday, February 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Fiverr International from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of Fiverr International in a report on Thursday, February 22nd. Finally, Piper Sandler cut shares of Fiverr International from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $30.00 to $25.00 in a report on Thursday, February 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors increased its stake in Fiverr International by 30.6% in the second quarter. Captrust Financial Advisors now owns 1,612 shares of the company’s stock valued at $55,000 after purchasing an additional 378 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new position in Fiverr International during the 2nd quarter worth approximately $44,000. Industrial Alliance Investment Management Inc. bought a new position in Fiverr International in the first quarter worth approximately $134,000. Cary Street Partners Investment Advisory LLC grew its stake in Fiverr International by 134.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,517 shares of the company’s stock valued at $62,000 after acquiring an additional 1,443 shares during the period. Finally, Neuberger Berman Group LLC bought a new stake in shares of Fiverr International during the first quarter valued at approximately $229,000. 59.00% of the stock is owned by institutional investors.

Fiverr International Price Performance

NYSE:FVRR opened at $20.11 on Thursday. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.30. The firm has a fifty day simple moving average of $22.94 and a 200 day simple moving average of $24.49. Fiverr International has a 1-year low of $18.83 and a 1-year high of $37.18. The stock has a market capitalization of $777.25 million, a PE ratio of 223.44 and a beta of 1.71.

Fiverr International (NYSE:FVRR) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.04. The company had revenue of $91.50 million for the quarter, compared to analyst estimates of $97.00 million. Fiverr International had a net margin of 1.02% and a return on equity of 3.71%. Fiverr International’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.19) EPS. On average, research analysts expect that Fiverr International will post 0.69 EPS for the current fiscal year.

About Fiverr International

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 various categories in ten verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and tech, business, data, lifestyle, and photography.