Fiverr International (NYSE:FVRR) Releases Earnings Results, Beats Estimates By $0.09 EPS

Fiverr International (NYSE:FVRR) announced its quarterly earnings results on Wednesday. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09, reports. Fiverr International had a net margin of 2.67% and a return on equity of 6.97%. The firm had revenue of $99.63 million for the quarter, compared to analyst estimates of $96.37 million. Fiverr International updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Fiverr International Price Performance

Fiverr International stock traded up $0.93 during midday trading on Friday, reaching $30.19. The company’s stock had a trading volume of 1,110,233 shares, compared to its average volume of 852,000. The firm has a market capitalization of $1.17 billion, a PE ratio of 116.15 and a beta of 1.71. Fiverr International has a fifty-two week low of $18.83 and a fifty-two week high of $32.68. The stock’s 50 day simple moving average is $24.62 and its 200 day simple moving average is $23.73. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.17 and a current ratio of 3.17.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FVRR. JMP Securities upped their target price on Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a research report on Thursday. Roth Mkm reaffirmed a “buy” rating and issued a $32.00 target price (up from $30.00) on shares of Fiverr International in a report on Thursday, August 1st. The Goldman Sachs Group reduced their price target on shares of Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and issued a $36.00 price objective on shares of Fiverr International in a research note on Wednesday. Finally, Citigroup upped their target price on shares of Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.60.

Institutional Trading of Fiverr International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ARK Investment Management LLC grew its holdings in Fiverr International by 27.1% in the second quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock valued at $2,568,000 after purchasing an additional 23,335 shares during the last quarter. Shaker Investments LLC OH acquired a new stake in Fiverr International in the 3rd quarter valued at about $552,000. Engine Capital Management LP increased its holdings in Fiverr International by 2.7% during the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock valued at $19,079,000 after acquiring an additional 21,144 shares in the last quarter. Swedbank AB purchased a new stake in Fiverr International in the 1st quarter valued at approximately $400,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Fiverr International by 21.5% during the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after acquiring an additional 7,307 shares during the last quarter. 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.