Fiverr International (NYSE:FVRR) Receives Consensus Rating of "Reduce" from Brokerages

Key Points

• Fiverr International has a consensus “Reduce” rating: Of 12 covering analysts, one recommends selling and 11 recommend holding. The average 12-month price target is $16.25.
• Several firms recently lowered their price targets, including UBS to $10, Goldman Sachs to $13, and RBC to $9, while maintaining neutral or sector-perform ratings.
• Fiverr shares opened at $8.94, near their 52-week low of $8.60. The company reported quarterly EPS of $0.50 on revenue of $97.78 million, and institutional investors own approximately 59% of its stock.

Fiverr International (NYSE:FVRR - Get Free Report) has received an average rating of "Reduce" from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and eleven have assigned a hold recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $16.25.

Several research firms have weighed in on FVRR. Zacks Research upgraded shares of Fiverr International from a "strong sell" rating to a "hold" rating in a report on Monday, June 29th. UBS Group lowered their price objective on Fiverr International from $13.00 to $10.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $13.00 price objective (down from $26.00) on shares of Fiverr International in a report on Thursday, July 30th. Royal Bank Of Canada lowered their target price on shares of Fiverr International from $16.00 to $9.00 and set a "sector perform" rating for the company in a report on Thursday, July 30th. Finally, Wall Street Zen lowered shares of Fiverr International from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st.

Fiverr International Stock Performance

Shares of FVRR opened at $8.94 on Thursday. The firm has a market cap of $321.29 million, a PE ratio of 11.03 and a beta of 1.44. Fiverr International has a 52-week low of $8.60 and a 52-week high of $28.00. The business's 50 day moving average price is $9.91 and its two-hundred day moving average price is $10.37.

Fiverr International (NYSE:FVRR - Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported $0.50 earnings per share (EPS) for the quarter. The business had revenue of $97.78 million for the quarter. Fiverr International had a net margin of 7.18% and a return on equity of 16.14%. Research analysts predict that Fiverr International will post 0.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

Several institutional investors have recently modified their holdings of the business. Millennium Management LLC raised its stake in shares of Fiverr International by 20.9% during the 1st quarter. Millennium Management LLC now owns 369,714 shares of the company's stock worth $8,755,000 after purchasing an additional 63,828 shares during the period. Geode Capital Management LLC boosted its stake in Fiverr International by 4.5% in the second quarter. Geode Capital Management LLC now owns 25,817 shares of the company's stock valued at $756,000 after acquiring an additional 1,112 shares during the last quarter. Legal & General Group Plc boosted its stake in Fiverr International by 11.5% in the second quarter. Legal & General Group Plc now owns 33,271 shares of the company's stock valued at $976,000 after acquiring an additional 3,437 shares during the last quarter. Norges Bank bought a new stake in shares of Fiverr International in the 2nd quarter worth approximately $995,000. Finally, First Trust Advisors LP purchased a new position in Fiverr International in the second quarter valued at approximately $627,000. 59.00% of the stock is owned by institutional investors.

Fiverr International Company Profile

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.

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