Fiverr International (NYSE:FVRR) Stock Has Consensus Target Price of $12.56 According to Brokerages

Fiverr International (NYSE:FVRR) has been assigned an average rating of “Reduce” from the twelve analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $12.56.

FVRR has been the topic of a number of recent analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $13.00 target price (down from $26.00) on shares of Fiverr International in a research note on Thursday, July 30th. Wall Street Zen lowered shares of Fiverr International from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Scotiabank cut 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. UBS Group decreased their price objective on shares of Fiverr International from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada decreased their price objective on shares of Fiverr International from $16.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Altshuler Shaham Ltd raised its holdings in Fiverr International by 400.0% during the first quarter. Altshuler Shaham Ltd now owns 5,000 shares of the company’s stock valued at $50,000 after acquiring an additional 4,000 shares during the period. Amundi purchased a new position in shares of Fiverr International in the first quarter valued at about $105,000. Maxi Investments CY Ltd purchased a new position in shares of Fiverr International in the second quarter valued at about $111,000. Independent Financial Group LLC bought a new position in shares of Fiverr International in the first quarter worth about $131,000. Finally, Rice Hall James & Associates LLC boosted its stake in shares of Fiverr International by 4.9% in the fourth quarter. Rice Hall James & Associates LLC now owns 289,297 shares of the company’s stock worth $5,717,000 after acquiring an additional 13,544 shares during the period. Institutional investors own 59.00% of the company’s stock.

Fiverr International Stock Down 0.1%

Shares of FVRR opened at $8.71 on Monday. The business has a 50-day simple moving average of $8.99 and a two-hundred day simple moving average of $10.03. The stock has a market cap of $313.31 million, a price-to-earnings ratio of 10.76 and a beta of 1.51. Fiverr International has a 52 week low of $8.31 and a 52 week high of $23.85.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.50 EPS for the quarter. Fiverr International had a return on equity of 16.14% and a net margin of 7.18%. The firm had revenue of $97.78 million for the quarter. On average, equities analysts anticipate 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 individual buyers with freelance professionals offering digital services. The platform covers categories such as graphic design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business services, and consulting.

Fiverr supports transactions between buyers and freelancers through tools for discovering services, communicating, managing projects, and completing payments.