Fiverr International (NYSE:FVRR) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

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

Fiverr International Stock Up 0.3 %

Fiverr International stock opened at $29.24 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.17 and a current ratio of 3.17. The firm has a 50 day moving average price of $24.54 and a 200 day moving average price of $23.66. Fiverr International has a fifty-two week low of $18.83 and a fifty-two week high of $32.68. The company has a market capitalization of $1.13 billion, a PE ratio of 112.47 and a beta of 1.71.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup lifted their price target on Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday. JMP Securities lifted their target price 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. The Goldman Sachs Group dropped 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 note on Thursday, August 1st. Roth Mkm reaffirmed a “buy” rating and set a $32.00 price target (up previously from $30.00) on shares of Fiverr International in a research report on Thursday, August 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price objective on shares of Fiverr International in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.60.

Institutional Investors Weigh In On Fiverr International

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