Fiverr International Ltd. (NYSE:FVRR) Receives Consensus “Buy” Rating from Analysts

Shares of Fiverr International Ltd. (NYSE: FVRR – Get a rating) received a consensus rating of “Hold” from the eight research firms that currently cover the company, reports MarketBeat.com. Two equity research analysts rated the stock with a hold rating and one gave the company a buy rating. The 12-month average price target among brokerages that have reported on the stock over the past year is $86.00.

A number of stock analysts have recently commented on the company. Royal Bank of Canada lowered its target price on Fiverr International from $80.00 to $32.00 in a Thursday, May 12 report. Piper Sandler lowered her target price on Fiverr International from $80.00 to $50.00 in a Wednesday, May 11 report. Needham & Company LLC lowered its target price on Fiverr International from $100.00 to $40.00 in a Thursday, May 12 report. MKM Partners lowered its target price on Fiverr International from $68.00 to $34.00 in a Thursday, May 12 report. Finally, JMP Securities lowered its target price on Fiverr International from $120.00 to $55.00 in a Thursday, May 12 report.

A number of institutional investors and hedge funds have recently increased or reduced their stake in FVRR. Assetmark Inc. bought a new stake in shares of Fiverr International in the third quarter worth about $34,000. Cullen Frost Bankers Inc. increased its stake in shares of Fiverr International by 111.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 338 shares of the company valued at $38,000 after purchasing an additional 178 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new equity stake in Fiverr International in the fourth quarter worth approximately $68,000. Captrust Financial Advisors increased its stake in shares of Fiverr International by 105.3% in the third quarter. Captrust Financial Advisors now owns 390 shares of the company valued at $71,000 after buying an additional 200 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holding in shares of Fiverr International by 276.9% in the fourth quarter. Advisors Asset Management Inc. now owns 946 shares of the company valued at $108,000 after buying an additional 695 shares in the last quarter. 57.26% of the shares are currently held by institutional investors.

NYSE FVRR opened at $38.93 on Monday. The stock has a market capitalization of $1.43 billion, a PE ratio of -22.25 and a beta of 2.01. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt ratio of 1.75. Fiverr International has a 12-month low of $29.04 and a 12-month high of $262.90. The stock has a fifty-day simple moving average of $60.19 and a 200-day simple moving average of $90.58.

Fiverr International (NYSE: FVRR – Get a rating) last released its quarterly results on Wednesday, May 11. The company reported earnings per share of $0.11 for the quarter, beating analyst consensus estimates of ($0.67) by $0.78. Fiverr International had a negative return on equity of 17.23% and a negative net margin of 20.30%. In the same quarter a year earlier, the company posted ($0.29) earnings per share. Research analysts predict that Fiverr International will post -2.26 EPS for the current year.

Company Profile Fiverr International (Get a rating)

Fiverr International Ltd. operates an online marketplace worldwide. Its platform allows sellers to sell their services and buyers to buy them. The company’s platform includes approximately 550 categories across nine verticals, including Graphics & Design, Digital Marketing, Writing & Translation, Video & Animation, Music & Audio, programming and technology, business, data and lifestyle.

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Analyst Recommendations for Fiverr International (NYSE: FVRR)

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