Analysts Set Fiverr International (NYSE:FVRR) PT at $19.30

Fiverr International (NYSE:FVRR) has earned an average rating of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $19.30.

A number of research firms have recently commented on FVRR. Zacks Research raised shares of Fiverr International from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings raised shares of Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Finally, Wall Street Zen upgraded Fiverr International from a “hold” rating to a “buy” rating in a report on Saturday, June 6th.

Fiverr International Price Performance

Shares of NYSE FVRR opened at $11.62 on Wednesday. The firm has a market cap of $417.92 million, a PE ratio of 14.90 and a beta of 1.39. The firm has a fifty day moving average of $10.70 and a 200 day moving average of $11.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.85 and a current ratio of 1.85. Fiverr International has a one year low of $9.58 and a one year high of $28.00.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.62 earnings per share for the quarter. Fiverr International had a net margin of 6.70% and a return on equity of 17.22%. The company had revenue of $105.49 million during the quarter. As a group, research analysts predict that Fiverr International will post 1.24 EPS for the current fiscal year.

Institutional Trading of Fiverr International

A number of institutional investors have recently made changes to their positions in the company. Tidal Investments LLC raised its stake in Fiverr International by 2.5% in the 2nd quarter. Tidal Investments LLC now owns 25,420 shares of the company’s stock valued at $746,000 after purchasing an additional 614 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Fiverr International by 4.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,003 shares of the company’s stock worth $366,000 after purchasing an additional 672 shares during the last quarter. Geode Capital Management LLC boosted its stake in Fiverr International by 4.5% during the 2nd quarter. Geode Capital Management LLC now owns 25,817 shares of the company’s stock worth $756,000 after purchasing an additional 1,112 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Fiverr International during the 4th quarter worth $32,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Fiverr International by 586.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,493 shares of the company’s stock worth $49,000 after buying an additional 2,130 shares in the last quarter. 59.00% of the stock is owned by institutional investors and hedge funds.

Fiverr International Company Profile

Fiverr International Ltd. operates an online marketplace that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.

Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.