Fiverr International (NYSE:FVRR) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts give Fiverr a consensus “Hold” rating (2 sell, 7 hold, 3 buy) with an average 1‑year price target of $19.30, and several firms have recently cut targets and/or downgraded the stock (e.g., Goldman Sachs, Citigroup, UBS, Zacks, Wall Street Zen).
• FVRR is trading near its 12‑month low (opened $10.57; 12‑month low $10.15, high $34.13) with a market cap of about $380M, and its recent quarter showed an EPS beat ($0.86 vs. $0.76) but a slight revenue miss ($107.17M vs. $108.98M) and modest 3.4% YoY revenue growth.

Shares of Fiverr International (NYSE:FVRR - Get Free Report) have been given a consensus recommendation of "Hold" by the twelve brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $19.30.

Several research analysts have commented on the company. Zacks Research lowered Fiverr International from a "hold" rating to a "strong sell" rating in a research report on Monday, February 23rd. The Goldman Sachs Group cut their price target on Fiverr International from $44.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday, February 19th. Citigroup reissued a "neutral" rating and set a $15.00 target price (down from $33.00) on shares of Fiverr International in a research note on Thursday, February 19th. Wall Street Zen lowered Fiverr International from a "buy" rating to a "hold" rating in a report on Saturday, February 21st. Finally, UBS Group decreased their target price on shares of Fiverr International from $25.00 to $13.00 and set a "neutral" rating for the company in a research report on Thursday, February 19th.

Fiverr International Stock Down 3.8%

FVRR opened at $10.57 on Thursday. Fiverr International has a 12 month low of $10.15 and a 12 month high of $34.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.93 and a quick ratio of 1.93. The business has a 50-day moving average of $14.00 and a two-hundred day moving average of $19.25. The stock has a market capitalization of $379.99 million, a price-to-earnings ratio of 18.54 and a beta of 1.32.

Fiverr International (NYSE:FVRR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.10. The company had revenue of $107.17 million for the quarter, compared to the consensus estimate of $108.98 million. Fiverr International had a net margin of 4.87% and a return on equity of 16.58%. Fiverr International's revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 earnings per share. On average, research analysts expect that Fiverr International will post 1.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Strategic Advocates LLC acquired a new position in shares of Fiverr International in the 3rd quarter worth $26,000. Russell Investments Group Ltd. purchased a new stake in shares of Fiverr International during the fourth quarter valued at $32,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Fiverr International in the 4th quarter valued at $43,000. Clearstead Trust LLC acquired a new position in shares of Fiverr International in the 4th quarter valued at $46,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in Fiverr International by 586.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,493 shares of the company's stock worth $49,000 after purchasing an additional 2,130 shares in the last quarter. Institutional investors and hedge funds own 59.00% of the company's stock.

About Fiverr International

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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