Fiverr International (NYSE:FVRR) Given Consensus Recommendation of “Hold” by Analysts

Fiverr International (NYSE:FVRR) has earned an average rating of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $32.60.

Several research firms recently weighed in on FVRR. Weiss Ratings started coverage on Fiverr International in a report on Saturday, November 1st. They set a “sell (d+)” rating on the stock. Zacks Research cut Fiverr International from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th.

Hedge Funds Weigh In On Fiverr International

Several institutional investors and hedge funds have recently added to or reduced their stakes in FVRR. Strategic Advocates LLC acquired a new position in shares of Fiverr International during the third quarter worth $26,000. Assetmark Inc. acquired a new position in Fiverr International during the 2nd quarter worth about $41,000. Tower Research Capital LLC TRC lifted its holdings in Fiverr International by 4,392.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the company’s stock worth $90,000 after buying an additional 2,987 shares during the period. PharVision Advisers LLC bought a new stake in shares of Fiverr International in the 2nd quarter valued at about $234,000. Finally, MQS Management LLC acquired a new stake in shares of Fiverr International in the second quarter valued at about $248,000. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Fiverr International Price Performance

Shares of FVRR stock opened at $16.73 on Wednesday. The business has a fifty day simple moving average of $19.40 and a 200 day simple moving average of $21.97. The company has a market cap of $599.42 million, a P/E ratio of 28.35 and a beta of 1.29. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.05. Fiverr International has a twelve month low of $15.61 and a twelve month high of $35.40.

Fiverr International (NYSE:FVRR) last posted its earnings results on Wednesday, November 5th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The firm had revenue of $107.90 million during the quarter, compared to analysts’ expectations of $107.88 million. Fiverr International had a net margin of 5.23% and a return on equity of 13.53%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 earnings per share. On average, sell-side analysts forecast that Fiverr International will post 1.04 EPS for the current fiscal year.

About Fiverr International

Fiverr International Ltd. operates an online marketplace that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.

Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.