Fiverr International (NYSE:FVRR) Upgraded at Zacks Research

Zacks Research upgraded shares of Fiverr International (NYSE:FVRR) from a strong sell rating to a hold rating in a report published on Monday morning,Zacks.com reports.

Several other research firms have also recently weighed in on FVRR. Citigroup reissued a “neutral” rating and issued a $15.00 price objective (down from $33.00) on shares of Fiverr International in a research report on Thursday, February 19th. Wall Street Zen raised Fiverr International from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 price objective (down from $30.00) on shares of Fiverr International in a research report on Thursday, February 19th. Needham & Company LLC reissued a “hold” rating on shares of Fiverr International in a research report on Wednesday, February 18th. Finally, UBS Group reduced their price objective on Fiverr International from $25.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.30.

Fiverr International Trading Up 1.5%

Shares of FVRR stock opened at $10.67 on Monday. Fiverr International has a 12 month low of $9.67 and a 12 month high of $34.13. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $10.88 and its two-hundred day moving average is $16.82. The company has a market cap of $383.73 million, a PE ratio of 18.73 and a beta of 1.35.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.76 by $0.10. Fiverr International had a return on equity of 16.58% and a net margin of 4.87%.The company had revenue of $107.17 million for the quarter, compared to the consensus estimate of $108.98 million. During the same quarter last year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities analysts predict that Fiverr International will post 1.39 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strategic Advocates LLC bought a new position in Fiverr International in the third quarter worth $26,000. Russell Investments Group Ltd. bought a new position in Fiverr International in the fourth quarter worth $32,000. Northwestern Mutual Wealth Management Co. bought a new position in Fiverr International in the fourth quarter worth $43,000. Clearstead Trust LLC bought a new position in Fiverr International in the fourth quarter worth $46,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Fiverr International by 586.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,493 shares of the company’s stock worth $49,000 after purchasing an additional 2,130 shares during the period. 59.00% of the stock is owned by institutional investors.

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.