Fiverr International (NYSE:FVRR) Receives Consensus 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 received an average recommendation of "Moderate Buy" from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $33.1250.

A number of analysts recently commented on FVRR shares. The Goldman Sachs Group boosted their target price on Fiverr International from $41.00 to $47.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. raised Fiverr International from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $32.00 to $30.00 in a report on Thursday, July 31st. Needham & Company LLC decreased their price objective on Fiverr International from $36.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Scotiabank boosted their price objective on Fiverr International from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a report on Thursday, May 8th. Finally, UBS Group decreased their price objective on Fiverr International from $32.00 to $25.00 and set a "neutral" rating for the company in a report on Thursday, July 31st.

Hedge Funds Weigh In On Fiverr International

A number of hedge funds and other institutional investors have recently modified their holdings of FVRR. Assetmark Inc. purchased a new position in shares of Fiverr International in the 2nd quarter worth approximately $41,000. Huntington National Bank boosted its stake in shares of Fiverr International by 38.3% in the 4th quarter. Huntington National Bank now owns 1,465 shares of the company's stock worth $46,000 after buying an additional 406 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Fiverr International in the 4th quarter worth approximately $187,000. MQS Management LLC purchased a new position in shares of Fiverr International in the 2nd quarter worth approximately $248,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Fiverr International in the 2nd quarter worth approximately $262,000. Hedge funds and other institutional investors own 59.00% of the company's stock.

Fiverr International Stock Performance

Shares of Fiverr International stock opened at $21.68 on Wednesday. Fiverr International has a one year low of $20.83 and a one year high of $36.11. The firm has a market capitalization of $777.08 million, a price-to-earnings ratio of 45.17 and a beta of 1.45. The business has a 50-day simple moving average of $28.36 and a 200 day simple moving average of $28.11. 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 issued its earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.03). Fiverr International had a net margin of 4.34% and a return on equity of 11.87%. The firm had revenue of $108.65 million during the quarter, compared to the consensus estimate of $107.75 million. During the same period in the previous year, the firm earned $0.58 earnings per share. The business's quarterly revenue was up 14.7% on a year-over-year basis. On average, research analysts anticipate that Fiverr International will post 1.04 earnings per share for the current fiscal year.

About Fiverr International

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.

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