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

Fiverr International Ltd. (NYSE:FVRR) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $31.60.

FVRR has been the subject of a number of analyst reports. BTIG Research cut shares of Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Citigroup increased their price target on Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and issued a $36.00 price objective on shares of Fiverr International in a research report on Wednesday, October 30th. 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. Finally, The Goldman Sachs Group lowered their price target on Fiverr International from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, August 1st.

Fiverr International Stock Performance

NYSE:FVRR opened at $32.83 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.99 and a current ratio of 2.99. The stock has a 50-day simple moving average of $26.72 and a two-hundred day simple moving average of $25.01. The firm has a market capitalization of $1.27 billion, a PE ratio of 126.27 and a beta of 1.68. Fiverr International has a 52-week low of $18.83 and a 52-week high of $33.90.

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

Institutional Trading of Fiverr International

A number of large investors have recently made changes to their positions in FVRR. Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 2,961 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Fiverr International in the third quarter worth $683,000. Huntington National Bank boosted its stake in Fiverr International by 35,200.0% during the third quarter. Huntington National Bank now owns 1,059 shares of the company’s stock worth $27,000 after buying an additional 1,056 shares during the period. Shaker Investments LLC OH bought a new position in Fiverr International during the third quarter valued at $552,000. Finally, Engine Capital Management LP raised 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 acquiring an additional 21,144 shares during the period. 59.00% of the stock is currently owned by institutional investors.

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.