Fiverr International Ltd. (NYSE:FVRR) Receives $31.60 Consensus Price Target from Brokerages

Shares of Fiverr International Ltd. (NYSE:FVRR) have received a consensus rating of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $31.60.

Several equities research analysts have recently issued reports on FVRR shares. BTIG Research lowered Fiverr International from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Citigroup raised their price target on shares of 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 reiterated a “buy” rating and issued a $36.00 price objective on shares of Fiverr International in a research note on Wednesday, October 30th. Finally, JMP Securities raised 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.

Institutional Investors Weigh In On Fiverr International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of Fiverr International by 12.6% in the third quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock valued at $685,000 after acquiring an additional 2,961 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of 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 valued at $27,000 after buying an additional 1,056 shares during the period. Shaker Investments LLC OH bought a new stake in Fiverr International during the third quarter valued at $552,000. Finally, Engine Capital Management LP grew its position in Fiverr International by 2.7% during the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after buying an additional 21,144 shares in the last quarter. 59.00% of the stock is currently owned by institutional investors.

Fiverr International Stock Down 0.7 %

Fiverr International stock opened at $32.61 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 market cap of $1.26 billion, a PE ratio of 125.43 and a beta of 1.68. Fiverr International has a fifty-two week low of $18.83 and a fifty-two week high of $33.90. The firm’s 50-day simple moving average is $26.86 and its 200 day simple moving average is $25.05.

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

Fiverr International Company Profile

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.