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

Fiverr International Ltd. (NYSE:FVRR) has earned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $33.82.

A number of analysts have recently commented on the stock. BTIG Research cut their price objective on shares of Fiverr International from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. The Goldman Sachs Group increased their price objective on shares of Fiverr International from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 target price on shares of Fiverr International in a research report on Thursday, May 9th.

Fiverr International Price Performance

FVRR stock opened at $22.21 on Tuesday. The stock has a 50-day moving average price of $23.19 and a two-hundred day moving average price of $24.13. Fiverr International has a 1 year low of $18.83 and a 1 year high of $34.49. The stock has a market cap of $858.42 million, a PE ratio of 100.95 and a beta of 1.71. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 1.23.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.05). Fiverr International had a return on equity of 4.87% and a net margin of 2.38%. The firm had revenue of $93.52 million for the quarter, compared to analyst estimates of $92.45 million. Equities analysts forecast that Fiverr International will post 0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Fiverr International

A number of large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in shares of Fiverr International by 9.5% in the fourth quarter. Van ECK Associates Corp now owns 11,439 shares of the company’s stock valued at $311,000 after purchasing an additional 990 shares during the last quarter. Bullseye Asset Management LLC lifted its position in Fiverr International by 7.3% during the third quarter. Bullseye Asset Management LLC now owns 36,760 shares of the company’s stock worth $900,000 after acquiring an additional 2,500 shares during the last quarter. ARK Investment Management LLC boosted its holdings in shares of Fiverr International by 3.9% during the fourth quarter. ARK Investment Management LLC now owns 76,334 shares of the company’s stock worth $2,078,000 after acquiring an additional 2,849 shares during the period. California State Teachers Retirement System grew its position in shares of Fiverr International by 9.5% in the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock valued at $749,000 after purchasing an additional 3,095 shares during the last quarter. Finally, Vima LLC bought a new position in shares of Fiverr International during the fourth quarter worth approximately $86,000. Institutional investors own 59.00% of the company’s stock.

About Fiverr International

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.