Shares of Fiverr International Ltd. (NYSE:FVRR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eleven research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $34.36.
FVRR has been the subject of a number of analyst reports. Piper Sandler downgraded Fiverr International from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $30.00 to $25.00 in a research note on Thursday, February 22nd. JPMorgan Chase & Co. cut their target price on Fiverr International from $35.00 to $30.00 and set a "neutral" rating for the company in a research note on Friday, February 23rd. BTIG Research cut their target price on Fiverr International from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday. Royal Bank of Canada cut their target price on Fiverr International from $30.00 to $26.00 and set a "sector perform" rating for the company in a research note on Friday, February 23rd. Finally, Citigroup cut their target price on Fiverr International from $37.00 to $32.00 and set a "buy" rating for the company in a research note on Friday, February 23rd.
View Our Latest Report on FVRR
Fiverr International Stock Performance
FVRR traded down $0.29 on Thursday, hitting $19.82. 583,261 shares of the company traded hands, compared to its average volume of 991,964. The company has a 50 day moving average of $22.94 and a 200-day moving average of $24.49. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $766.04 million, a PE ratio of 223.00 and a beta of 1.71. Fiverr International has a 12-month low of $18.83 and a 12-month high of $37.18.
Fiverr International (NYSE:FVRR - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.52 by $0.04. The firm had revenue of $91.50 million during the quarter, compared to the consensus estimate of $97.00 million. Fiverr International had a return on equity of 3.71% and a net margin of 1.02%. The firm's revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.19) EPS. Sell-side analysts anticipate that Fiverr International will post 0.69 earnings per share for the current year.
Institutional Investors Weigh In On Fiverr International
A number of institutional investors and hedge funds have recently modified their holdings of FVRR. Engine Capital Management LP acquired a new stake in shares of Fiverr International in the 4th quarter worth approximately $19,193,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Fiverr International by 144.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 862,955 shares of the company's stock valued at $23,490,000 after buying an additional 510,000 shares during the last quarter. Whetstone Capital Advisors LLC acquired a new stake in Fiverr International during the 2nd quarter valued at $3,882,000. Lord Abbett & CO. LLC acquired a new stake in Fiverr International during the 3rd quarter valued at $3,291,000. Finally, Marshall Wace LLP grew its holdings in Fiverr International by 48.0% during the 2nd quarter. Marshall Wace LLP now owns 284,454 shares of the company's stock valued at $7,399,000 after buying an additional 92,226 shares during the last quarter. Institutional investors and hedge funds own 59.00% of the company's stock.
About Fiverr International
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Get Free ReportFiverr 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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