Fiverr International Ltd. (NYSE:FVRR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Fiverr International Ltd. (NYSE:FVRR) has received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $32.30.

Several equities analysts recently issued reports on FVRR shares. BTIG Research downgraded shares of Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Citigroup raised their price objective on Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JMP Securities increased their target price on Fiverr International from $32.00 to $36.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. UBS Group raised their price target on Fiverr International from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price objective on shares of Fiverr International in a research note on Wednesday, October 30th.

Fiverr International Stock Down 2.7 %

Shares of NYSE:FVRR opened at $32.05 on Friday. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 1.47. Fiverr International has a 52-week low of $18.83 and a 52-week high of $36.11. The stock’s fifty day simple moving average is $32.66 and its 200-day simple moving average is $27.48. The company has a market capitalization of $1.24 billion, a P/E ratio of 123.27 and a beta of 1.69.

Fiverr International (NYSE:FVRR) last released its earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. The company had revenue of $99.63 million for the quarter, compared to analyst estimates of $96.37 million. As a group, equities research analysts forecast that Fiverr International will post 0.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in Fiverr International in the third quarter valued at approximately $683,000. Arkadios Wealth Advisors boosted its stake in shares of Fiverr International by 22.0% in the fourth quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company’s stock valued at $4,375,000 after purchasing an additional 24,839 shares during the period. Shaker Investments LLC OH acquired a new stake in Fiverr International during the 3rd quarter valued at $552,000. Engine Capital Management LP increased its stake in Fiverr International by 2.7% during the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after buying an additional 21,144 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Fiverr International by 12.6% in the 3rd quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock worth $685,000 after buying an additional 2,961 shares in the last quarter. 59.00% of the stock is owned by institutional investors and hedge funds.

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.