Fiverr International Ltd. (NYSE:FVRR) Receives $31.30 Consensus Target Price from Brokerages

Fiverr International Ltd. (NYSE:FVRR) has earned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $31.30.

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price target on shares of Fiverr International in a report on Wednesday, July 31st. The Goldman Sachs Group lowered their price target on shares of Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, August 1st. UBS Group lowered shares of Fiverr International from a “buy” rating to a “neutral” rating and lowered their price target for the company from $37.00 to $25.00 in a report on Tuesday, July 2nd. Finally, Roth Mkm reaffirmed a “buy” rating and set a $32.00 price target (up from $30.00) on shares of Fiverr International in a report on Thursday, August 1st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vima LLC bought a new position in shares of Fiverr International in the 4th quarter worth about $86,000. Van ECK Associates Corp increased 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 worth $332,000 after acquiring an additional 2,208 shares during the period. Swedbank AB acquired a new stake in shares of Fiverr International in the 1st quarter worth about $400,000. Janney Montgomery Scott LLC acquired a new stake in shares of Fiverr International in the 4th quarter worth about $924,000. Finally, California State Teachers Retirement System increased its holdings in shares of Fiverr International by 9.5% in the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after acquiring an additional 3,095 shares during the period. 59.00% of the stock is currently owned by institutional investors.

Fiverr International Price Performance

Fiverr International stock opened at $24.87 on Friday. Fiverr International has a 52-week low of $18.83 and a 52-week high of $31.61. The firm has a fifty day moving average of $24.15 and a 200-day moving average of $23.02. The firm has a market capitalization of $961.32 million, a P/E ratio of 113.05 and a beta of 1.70. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 1.44.

Fiverr International (NYSE:FVRR) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $94.66 million during the quarter, compared to analyst estimates of $94.69 million. Fiverr International had a net margin of 3.17% and a return on equity of 5.67%. As a group, analysts predict that Fiverr International will post 0.57 EPS for the current year.

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.