Wall Street Zen Upgrades Fiverr International (NYSE:FVRR) to Buy

Fiverr International (NYSE:FVRR) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other analysts also recently issued reports on the company. BTIG Research reissued a “neutral” rating on shares of Fiverr International in a research note on Monday, March 2nd. The Goldman Sachs Group dropped their price target on Fiverr International from $44.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of Fiverr International in a report on Wednesday, February 18th. Roth Mkm cut shares of Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a research report on Thursday, February 19th. Finally, Royal Bank Of Canada lowered their target price on shares of Fiverr International from $28.00 to $16.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Fiverr International has an average rating of “Hold” and a consensus price target of $19.30.

Fiverr International Stock Up 0.0%

FVRR opened at $10.20 on Friday. The stock has a market cap of $366.83 million, a price-to-earnings ratio of 17.90 and a beta of 1.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.93 and a current ratio of 1.93. The firm’s fifty day moving average is $13.68 and its 200 day moving average is $19.09. Fiverr International has a fifty-two week low of $9.90 and a fifty-two week high of $34.13.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. Fiverr International had a return on equity of 16.58% and a net margin of 4.87%.The business had revenue of $107.17 million during the quarter, compared to analyst estimates of $108.98 million. During the same quarter in the prior year, the business posted $0.64 EPS. Fiverr International’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, sell-side analysts forecast that Fiverr International will post 1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FVRR. Millennium Management LLC lifted its position in shares of Fiverr International by 20.9% during the first quarter. Millennium Management LLC now owns 369,714 shares of the company’s stock worth $8,755,000 after purchasing an additional 63,828 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Fiverr International in the second quarter worth about $262,000. Geode Capital Management LLC increased its stake in Fiverr International by 4.5% in the 2nd quarter. Geode Capital Management LLC now owns 25,817 shares of the company’s stock worth $756,000 after buying an additional 1,112 shares during the period. Legal & General Group Plc increased its stake in Fiverr International by 11.5% in the 2nd quarter. Legal & General Group Plc now owns 33,271 shares of the company’s stock worth $976,000 after buying an additional 3,437 shares during the period. Finally, Boston Partners lifted its holdings in Fiverr International by 15.0% during the 2nd quarter. Boston Partners now owns 46,787 shares of the company’s stock valued at $1,372,000 after buying an additional 6,107 shares in the last quarter. Institutional investors own 59.00% of the company’s stock.

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.