Fiverr International (NYSE:FVRR) Receives Consensus Recommendation of "Reduce" from Analysts

Key Points

• Fiverr International has a consensus “Reduce” rating from 12 analysts: one recommends selling and 11 advise holding. The average 12-month price target is $16.25.
• Recent analyst actions have been cautious, including Oppenheimer’s downgrade to “market perform” and target-price cuts by RBC to $9 and UBS to $10.
• FVRR opened at $9.03, near its one-year low of $8.60, while institutional investors own approximately 59% of the company. Fiverr reported quarterly revenue of $97.78 million and earnings per share of $0.50.

Fiverr International (NYSE:FVRR - Get Free Report) has received a consensus rating of "Reduce" from the twelve analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $16.25.

Several equities research analysts have weighed in on FVRR shares. Weiss Ratings upgraded shares of Fiverr International from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday. Oppenheimer lowered shares of Fiverr International from an "outperform" rating to a "market perform" rating in a report on Thursday, July 30th. Zacks Research raised Fiverr International from a "strong sell" rating to a "hold" rating in a research note on Monday, June 29th. Royal Bank Of Canada reduced their target price on Fiverr International from $16.00 to $9.00 and set a "sector perform" rating on the stock in a report on Thursday, July 30th. Finally, UBS Group decreased their target price 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.

Hedge Funds Weigh In On Fiverr International

Institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. increased its stake in Fiverr International by 26.7% during 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 in the last quarter. Engine Capital Management LP lifted its stake in Fiverr International by 78.4% in the first quarter. Engine Capital Management LP now owns 1,338,644 shares of the company's stock valued at $13,413,000 after buying an additional 588,220 shares in the last quarter. Sparta 24 Ltd. bought a new position in Fiverr International in the first quarter valued at approximately $9,410,000. Arrowstreet Capital Limited Partnership lifted its stake in Fiverr International by 4.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 840,575 shares of the company's stock valued at $20,518,000 after buying an additional 35,841 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Fiverr International by 26.0% in the first quarter. Renaissance Technologies LLC now owns 731,659 shares of the company's stock valued at $7,331,000 after buying an additional 151,200 shares during the period. Institutional investors own 59.00% of the company's stock.

Fiverr International Price Performance

Shares of FVRR stock opened at $9.03 on Friday. The stock has a market cap of $324.45 million, a PE ratio of 11.14 and a beta of 1.39. The stock has a 50-day moving average of $10.28 and a 200-day moving average of $11.15. Fiverr International has a one year low of $8.60 and a one year high of $28.00.

Fiverr International (NYSE:FVRR - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.50 earnings per share 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%. As a group, research analysts anticipate that Fiverr International will post 0.93 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source