Fiverr International Ltd. (NYSE:FVRR) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Fiverr International Ltd. (NYSE:FVRR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $32.30.

FVRR has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $36.00 price target on shares of Fiverr International in a research note on Wednesday, October 30th. BTIG Research lowered shares of Fiverr International from a "buy" rating to a "neutral" rating in a report on Monday, November 4th. 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 note on Thursday, October 31st. Citigroup upped their price target on Fiverr International from $36.00 to $39.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, UBS Group lifted their price objective on Fiverr International from $31.00 to $32.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd.

Hedge Funds Weigh In On Fiverr International

Several hedge funds have recently bought and sold shares of FVRR. Van ECK Associates Corp raised its position in Fiverr International by 18.4% during the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company's stock valued at $332,000 after purchasing an additional 2,208 shares in the last quarter. Engine Capital Management LP increased its position in shares of 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 purchasing an additional 21,144 shares in the last quarter. Shaker Investments LLC OH purchased a new stake in shares of Fiverr International during the 3rd quarter valued at $552,000. Huntington National Bank boosted its position in shares of Fiverr International by 35,200.0% in the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company's stock worth $27,000 after purchasing an additional 1,056 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Fiverr International in the 3rd quarter worth $683,000. Institutional investors own 59.00% of the company's stock.

Fiverr International Trading Up 4.1 %

Shares of Fiverr International stock traded up $1.32 during trading on Tuesday, reaching $33.34. The company's stock had a trading volume of 512,332 shares, compared to its average volume of 828,095. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 1.47. Fiverr International has a 52-week low of $18.83 and a 52-week high of $36.11. The firm's 50-day moving average is $29.86 and its two-hundred day moving average is $26.05. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 128.24 and a beta of 1.69.

Fiverr International (NYSE:FVRR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.09. The firm had revenue of $99.63 million for the quarter, compared to analysts' expectations of $96.37 million. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. On average, sell-side analysts anticipate that Fiverr International will post 0.51 earnings per share for the current year.

About Fiverr International

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.