Fiverr International (NYSE:FVRR) Announces Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Fiverr International (NYSE:FVRR) posted its quarterly earnings results on Wednesday. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09, reports. The company had revenue of $99.63 million during the quarter, compared to analyst estimates of $96.37 million. Fiverr International had a net margin of 2.67% and a return on equity of 6.97%. Fiverr International updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Fiverr International Stock Up 0.3 %

Shares of NYSE FVRR opened at $29.24 on Friday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 112.47 and a beta of 1.71. Fiverr International has a 52-week low of $18.83 and a 52-week high of $32.68. The company’s 50-day simple moving average is $24.54 and its 200-day simple moving average is $23.66. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 1.44.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FVRR shares. The Goldman Sachs Group decreased their target price on shares of Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. JMP Securities upped their target price on Fiverr International from $32.00 to $36.00 and gave the stock a “market outperform” rating in a research note on Thursday. Citigroup lifted their price target on Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday. Roth Mkm restated a “buy” rating and issued a $32.00 price objective (up previously from $30.00) on shares of Fiverr International in a research report on Thursday, August 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 target price on shares of Fiverr International in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Fiverr International has a consensus rating of “Moderate Buy” and a consensus price target of $31.60.

Institutional Investors Weigh In On Fiverr International

Large investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in shares of Fiverr International by 18.4% in the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after acquiring an additional 2,208 shares during the last quarter. Swedbank AB purchased a new stake in shares of Fiverr International during the first quarter worth $400,000. Shaker Investments LLC OH purchased a new stake in shares of Fiverr International during the third quarter worth $552,000. California State Teachers Retirement System raised its position in shares of Fiverr International by 9.5% in the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock valued at $749,000 after buying an additional 3,095 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Fiverr International by 21.5% in the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock worth $870,000 after buying an additional 7,307 shares in the last quarter. 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.