Fiverr International Ltd. (NYSE:FVRR) Given Average Rating of “Moderate Buy” by Brokerages

Fiverr International Ltd. (NYSE:FVRR) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the stock, 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 1 year price objective among brokers that have updated their coverage on the stock in the last year is $32.30.

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

Fiverr International Trading Down 1.3 %

NYSE FVRR opened at $31.77 on Tuesday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.99 and a current ratio of 2.99. Fiverr International has a one year low of $18.83 and a one year high of $36.11. The company’s 50 day moving average price is $30.65 and its 200 day moving average price is $26.28. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 122.20 and a beta of 1.69.

Fiverr International (NYSE:FVRR) last posted its earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. The business had revenue of $99.63 million for the quarter, compared to analyst estimates of $96.37 million. On average, sell-side analysts predict that Fiverr International will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FVRR. Shaker Investments LLC OH acquired a new stake in shares of Fiverr International during the 3rd quarter valued at approximately $552,000. Engine Capital Management LP raised its holdings in shares of Fiverr International by 2.7% during the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after purchasing an additional 21,144 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Fiverr International in the 3rd quarter worth about $683,000. Van ECK Associates Corp boosted its holdings in shares of Fiverr International by 18.4% in the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock valued at $332,000 after buying an additional 2,208 shares during the period. Finally, Huntington National Bank grew its position in shares of Fiverr International by 35,200.0% during the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company’s stock valued at $27,000 after buying an additional 1,056 shares during the last quarter. Institutional investors 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.