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

Shares of Fiverr International Ltd. (NYSE:FVRR) have earned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $32.82.

Several analysts have issued reports on the company. BTIG Research dropped their target price on Fiverr International from $30.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 18th. UBS Group lowered Fiverr International from a “buy” rating to a “neutral” rating and decreased their price target for the company from $37.00 to $25.00 in a research note on Tuesday, July 2nd. Roth Mkm reiterated a “buy” rating and set a $32.00 price target (up from $30.00) on shares of Fiverr International in a report on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $36.00 price target on shares of Fiverr International in a report on Wednesday. Finally, The Goldman Sachs Group lowered their price target on Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a report on Thursday.

Fiverr International Stock Up 2.3 %

Shares of FVRR opened at $23.82 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.08 and a current ratio of 3.08. Fiverr International has a one year low of $18.83 and a one year high of $34.49. The stock has a market capitalization of $920.55 million, a price-to-earnings ratio of 108.25 and a beta of 1.71. The stock has a 50 day moving average price of $23.45 and a 200 day moving average price of $23.48.

Fiverr International (NYSE:FVRR) last issued its earnings results on Thursday, May 9th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.05). The company had revenue of $93.52 million during the quarter, compared to analysts’ expectations of $92.45 million. Fiverr International had a net margin of 3.17% and a return on equity of 5.56%. Equities research analysts forecast that Fiverr International will post 0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

A number of hedge funds and other institutional investors have recently bought and sold shares of FVRR. Engine Capital Management LP purchased a new position in Fiverr International during the 4th quarter valued at about $19,193,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Fiverr International by 144.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 862,955 shares of the company’s stock valued at $23,490,000 after buying an additional 510,000 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Fiverr International in the 4th quarter valued at about $924,000. Arkadios Wealth Advisors boosted its stake in shares of Fiverr International by 28.0% in the 1st quarter. Arkadios Wealth Advisors now owns 117,105 shares of the company’s stock valued at $2,467,000 after buying an additional 25,613 shares during the period. Finally, ARK Investment Management LLC boosted its stake in shares of Fiverr International by 27.1% in the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock valued at $2,568,000 after buying an additional 23,335 shares during the period. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

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.