Fiverr International Ltd. (NYSE:FVRR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Fiverr International Ltd. (NYSE:FVRR) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $34.36.

A number of research analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Fiverr International in a report on Thursday, February 22nd. Citigroup dropped their price objective on shares of Fiverr International from $37.00 to $32.00 and set a “buy” rating for the company in a report on Friday, February 23rd. JPMorgan Chase & Co. decreased their target price on shares of Fiverr International from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd. Royal Bank of Canada decreased their target price on shares of Fiverr International from $30.00 to $26.00 and set a “sector perform” rating for the company in a research report on Friday, February 23rd. Finally, JMP Securities reissued a “market outperform” rating and set a $40.00 target price on shares of Fiverr International in a research report on Tuesday, January 30th.

Fiverr International Trading Up 1.3 %

FVRR stock opened at $20.45 on Thursday. Fiverr International has a 52 week low of $18.83 and a 52 week high of $36.88. The company’s 50-day simple moving average is $22.02 and its 200 day simple moving average is $24.33. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.89 and a current ratio of 2.89. The company has a market capitalization of $790.47 million, a PE ratio of 227.22 and a beta of 1.71.

Fiverr International (NYSE:FVRR) last posted its earnings results on Thursday, February 22nd. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. The firm had revenue of $91.50 million during the quarter, compared to analysts’ expectations of $97.00 million. Fiverr International had a net margin of 1.02% and a return on equity of 3.71%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.19) earnings per share. As a group, sell-side analysts anticipate that Fiverr International will post 0.69 earnings per share for the current year.

Institutional Trading of Fiverr International

Several hedge funds have recently bought and sold shares of FVRR. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Fiverr International by 134.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,517 shares of the company’s stock worth $62,000 after buying an additional 1,443 shares during the last quarter. Vima LLC purchased a new position in shares of Fiverr International in the 4th quarter worth about $86,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Fiverr International in the 3rd quarter worth about $233,000. Van ECK Associates Corp boosted its holdings in shares of Fiverr International by 6.8% in the 3rd quarter. Van ECK Associates Corp now owns 10,449 shares of the company’s stock worth $256,000 after buying an additional 665 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its holdings in shares of Fiverr International by 26.8% in the 3rd quarter. Moody National Bank Trust Division now owns 20,794 shares of the company’s stock worth $509,000 after buying an additional 4,400 shares during the last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.

Fiverr International Company Profile

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.