Fiverr International (NYSE:FVRR) Upgraded to "Strong-Buy" at Zacks Research

Key Points

• Zacks Research upgraded Fiverr International (NYSE:FVRR) from a "hold" rating to a "strong-buy" rating, indicating positive sentiment towards the stock's potential.
• The stock currently has an average rating of "Moderate Buy" with a consensus price target of $32.60, reflecting a mix of analyst ratings.
• Fiverr reported a quarterly revenue increase of 14.7% compared to the same quarter last year, although it missed earnings expectations by $0.03 per share.

Fiverr International (NYSE:FVRR - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued on Monday,Zacks.com reports.

FVRR has been the topic of several other reports. Oppenheimer decreased their price objective on shares of Fiverr International from $35.00 to $30.00 and set an "outperform" rating on the stock in a report on Tuesday, September 16th. Royal Bank Of Canada decreased their price target on Fiverr International from $35.00 to $28.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 31st. UBS Group lowered their price target on Fiverr International from $32.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Citigroup cut their price objective on Fiverr International from $40.00 to $33.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Finally, Needham & Company LLC restated a "buy" rating and set a $32.00 target price on shares of Fiverr International in a report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.60.

Fiverr International Stock Performance

NYSE FVRR opened at $25.60 on Monday. The stock has a fifty day simple moving average of $23.74 and a 200-day simple moving average of $26.56. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.07. The stock has a market cap of $917.32 million, a PE ratio of 53.32 and a beta of 1.35. Fiverr International has a twelve month low of $20.83 and a twelve month high of $36.11.

Fiverr International (NYSE:FVRR - Get Free Report) last posted 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). The company had revenue of $108.65 million during the quarter, compared to analyst estimates of $107.75 million. Fiverr International had a net margin of 4.34% and a return on equity of 11.87%. The company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 EPS. Fiverr International has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts anticipate that Fiverr International will post 1.04 earnings per share for the current year.

Institutional Investors Weigh In On Fiverr International

A number of hedge funds have recently bought and sold shares of FVRR. State of Wyoming grew its position in shares of Fiverr International by 127.3% during the second quarter. State of Wyoming now owns 13,184 shares of the company's stock worth $387,000 after buying an additional 7,383 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Fiverr International by 4,392.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the company's stock worth $90,000 after acquiring an additional 2,987 shares during the last quarter. State of Tennessee Department of Treasury grew its holdings in Fiverr International by 56.7% during the 2nd quarter. State of Tennessee Department of Treasury now owns 35,926 shares of the company's stock worth $1,054,000 after acquiring an additional 12,997 shares in the last quarter. Tidal Investments LLC grew its holdings in Fiverr International by 2.5% during the 2nd quarter. Tidal Investments LLC now owns 25,420 shares of the company's stock worth $746,000 after acquiring an additional 614 shares in the last quarter. Finally, MML Investors Services LLC purchased a new stake in shares of Fiverr International in the 2nd quarter valued at approximately $821,000. Institutional investors and hedge funds own 59.00% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.