Fiverr International (NYSE:FVRR) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Fiverr International (NYSE:FVRR) have been assigned a consensus rating of “Reduce” from the twelve research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and eleven have assigned a hold recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $16.25.

Several research analysts have recently commented on the stock. Citigroup dropped their price target on shares of Fiverr International from $15.00 to $11.50 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Scotiabank lowered shares of Fiverr International from a “sector outperform” rating to a “sector perform” rating and set a $10.00 price objective for the company. in a research note on Thursday, July 30th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $13.00 price objective (down from $26.00) on shares of Fiverr International in a report on Thursday, July 30th. Weiss Ratings raised shares of Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. Finally, Oppenheimer lowered Fiverr International from an “outperform” rating to a “market perform” rating in a report on Thursday, July 30th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FVRR. Russell Investments Group Ltd. acquired a new stake in Fiverr International in the 4th quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. acquired a new position in Fiverr International during the fourth quarter valued at approximately $43,000. Clearstead Trust LLC acquired a new position in Fiverr International during the fourth quarter valued at approximately $46,000. Caitong International Asset Management Co. Ltd grew its holdings in 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 valued at $49,000 after purchasing an additional 2,130 shares during the last quarter. Finally, Altshuler Shaham Ltd raised its position in shares of Fiverr International by 400.0% in the first quarter. Altshuler Shaham Ltd now owns 5,000 shares of the company’s stock valued at $50,000 after purchasing an additional 4,000 shares during the period. Institutional investors and hedge funds own 59.00% of the company’s stock.

Fiverr International Price Performance

FVRR opened at $9.21 on Friday. The company has a market capitalization of $331.11 million, a PE ratio of 11.37 and a beta of 1.39. Fiverr International has a fifty-two week low of $8.60 and a fifty-two week high of $28.00. The business has a 50-day moving average of $10.20 and a 200-day moving average of $10.89.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.50 EPS for the quarter. The business had revenue of $97.78 million during the quarter. Fiverr International had a return on equity of 16.14% and a net margin of 7.18%. On average, equities research analysts expect that Fiverr International will post 0.93 earnings per share for the current fiscal year.

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.