Fiverr International (NYSE:FVRR) Raised to “Hold” at Zacks Research

Fiverr International (NYSE:FVRR) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other brokerages have also recently issued reports on FVRR. Wall Street Zen raised shares of Fiverr International from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. BTIG Research reiterated a “neutral” rating on shares of Fiverr International in a research report on Monday, March 2nd. Finally, Weiss Ratings downgraded shares of Fiverr International from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.30.

Fiverr International Stock Performance

NYSE:FVRR opened at $10.34 on Monday. The business has a 50 day moving average of $10.65 and a 200 day moving average of $13.08. The company has a market capitalization of $371.54 million, a price-to-earnings ratio of 13.25 and a beta of 1.41. Fiverr International has a 1-year low of $9.58 and a 1-year high of $30.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 1.85.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.62 EPS for the quarter. The business had revenue of $105.49 million for the quarter. Fiverr International had a net margin of 6.70% and a return on equity of 17.22%. On average, sell-side analysts predict that Fiverr International will post 1.24 earnings per share for the current fiscal year.

Institutional Trading of Fiverr International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Strategic Advocates LLC purchased a new stake in shares of Fiverr International during the third quarter valued at approximately $26,000. Russell Investments Group Ltd. purchased a new position in shares of Fiverr International in the fourth quarter worth $32,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Fiverr International in the fourth quarter worth $43,000. Clearstead Trust LLC bought a new stake in Fiverr International during the 4th quarter valued at $46,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Fiverr International by 586.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,493 shares of the company’s stock valued at $49,000 after buying an additional 2,130 shares during the last quarter. Institutional investors own 59.00% of the company’s stock.

About Fiverr International

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.