Fiverr International (NYSE:FVRR) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Fiverr from a "buy" to a "hold" in a research note issued Saturday.
• Multiple firms have cut ratings or targets — including JPMorgan and Citigroup reissuing "neutral" with $15 targets and Scotiabank trimming its target to $16 — leaving a MarketBeat consensus rating of Hold and a $19.30 average price target.
• Shares opened at $12.21 (52‑week range $9.67–$34.13) with a market cap of about $439M, and the company last reported $0.62 EPS on $105.49M in quarterly revenue.

Fiverr International (NYSE:FVRR - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

FVRR has been the topic of several other research reports. JPMorgan Chase & Co. reissued a "neutral" rating and set a $15.00 target price (down from $30.00) on shares of Fiverr International in a research 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 report on Thursday, February 19th. Needham & Company LLC reissued a "hold" rating on shares of Fiverr International in a research report on Wednesday, February 18th. Scotiabank dropped their target price on shares of Fiverr International from $34.00 to $16.00 and set a "sector outperform" rating on the stock in a research report on Thursday, February 19th. Finally, Zacks Research raised shares of Fiverr International from a "strong sell" rating to a "hold" rating in a report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Fiverr International currently has an average rating of "Hold" and a consensus target price of $19.30.

Fiverr International Price Performance

Fiverr International stock opened at $12.21 on Friday. Fiverr International has a 52 week low of $9.67 and a 52 week high of $34.13. The company's 50 day moving average price is $10.61 and its two-hundred day moving average price is $16.34. The company has a quick ratio of 1.93, a current ratio of 1.85 and a debt-to-equity ratio of 0.04. The stock has a market cap of $439.09 million, a P/E ratio of 15.66 and a beta of 1.43.

Fiverr International (NYSE:FVRR - Get Free Report) last posted its earnings results on Tuesday, March 31st. The company reported $0.62 EPS for the quarter. Fiverr International had a net margin of 6.70% and a return on equity of 17.22%. The firm had revenue of $105.49 million for the quarter. On average, equities analysts predict that Fiverr International will post 1.39 earnings per share for the current year.

Institutional Investors Weigh In On Fiverr International

A number of hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its holdings in shares of Fiverr International by 26.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company's stock worth $65,666,000 after purchasing an additional 566,636 shares during the period. Avory & Company LLC raised its holdings in shares of Fiverr International by 0.8% in the 3rd quarter. Avory & Company LLC now owns 1,064,005 shares of the company's stock worth $25,972,000 after purchasing an additional 8,694 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Fiverr International by 4.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 840,575 shares of the company's stock worth $20,518,000 after purchasing an additional 35,841 shares during the period. Engine Capital Management LP raised its holdings in shares of Fiverr International by 20.3% in the 4th quarter. Engine Capital Management LP now owns 750,424 shares of the company's stock worth $14,828,000 after purchasing an additional 126,701 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Fiverr International by 12.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 711,254 shares of the company's stock worth $14,054,000 after purchasing an additional 76,075 shares during the period. Institutional investors own 59.00% of the company's stock.

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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