Fiverr International (NYSE:FVRR) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Fiverr International (NYSE:FVRR) has received an average recommendation of "Moderate Buy" from ten research firms, with five holding and five buying ratings.
• The company's recent earnings report showed an EPS of $0.69, missing expectations of $0.72, although revenue of $108.65 million exceeded estimates.
• Analysts' target prices for Fiverr's stock vary, with Goldman Sachs raising its target from $41.00 to $47.00, while UBS lowered it from $32.00 to $25.00.

Shares of Fiverr International (NYSE:FVRR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the ten brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $33.1250.

FVRR has been the subject of several recent research reports. Wall Street Zen cut shares of Fiverr International from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 29th. Royal Bank Of Canada decreased their price target on shares of Fiverr International from $35.00 to $28.00 and set a "sector perform" rating for the company in a research report on Thursday, July 31st. JPMorgan Chase & Co. upgraded shares of Fiverr International from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $32.00 to $30.00 in a research report on Thursday, July 31st. UBS Group decreased their price target on shares of Fiverr International from $32.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Finally, Scotiabank increased their price objective on shares of Fiverr International from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a research report on Thursday, May 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its stake in Fiverr International by 53.3% during the first quarter. Ameriprise Financial Inc. now owns 1,870,478 shares of the company's stock worth $44,293,000 after acquiring an additional 650,672 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Fiverr International by 18.9% during the second quarter. Acadian Asset Management LLC now owns 1,380,046 shares of the company's stock worth $40,450,000 after acquiring an additional 219,743 shares in the last quarter. Engine Capital Management LP lifted its stake in shares of Fiverr International by 2.3% in the fourth quarter. Engine Capital Management LP now owns 1,204,316 shares of the company's stock valued at $38,213,000 after buying an additional 27,003 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Fiverr International by 16.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,077,797 shares of the company's stock valued at $31,612,000 after buying an additional 149,125 shares in the last quarter. Finally, Analyst IMS Investment Management Services Ltd. lifted its stake in shares of Fiverr International by 19.0% in the second quarter. Analyst IMS Investment Management Services Ltd. now owns 468,729 shares of the company's stock valued at $13,748,000 after buying an additional 75,000 shares in the last quarter. 59.00% of the stock is owned by institutional investors.

Fiverr International Price Performance

FVRR stock traded down $1.14 during trading on Wednesday, reaching $21.77. 1,229,929 shares of the company were exchanged, compared to its average volume of 1,060,667. The company has a 50-day moving average of $27.74 and a two-hundred day moving average of $27.91. The company has a market capitalization of $780.24 million, a price-to-earnings ratio of 45.36 and a beta of 1.45. Fiverr International has a twelve month low of $20.83 and a twelve month high of $36.11. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.32 and a quick ratio of 1.32.

Fiverr International (NYSE:FVRR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.03). Fiverr International had a return on equity of 11.87% and a net margin of 4.34%. The company had revenue of $108.65 million for the quarter, compared to analyst estimates of $107.75 million. During the same quarter in the prior year, the company earned $0.58 earnings per share. Fiverr International's revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, equities analysts predict that Fiverr International will post 1.04 earnings per share for the current fiscal year.

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.