Fiverr International Ltd. (NYSE:FVRR) Receives Average Rating of "Moderate Buy" from Brokerages

Fiverr International Ltd. (NYSE:FVRR - Get Free Report) has received an average recommendation of "Moderate Buy" from the ten ratings firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $31.30.

A number of equities research analysts have issued reports on FVRR shares. The Goldman Sachs Group cut their price target on Fiverr International from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Thursday, August 1st. Roth Mkm reiterated a "buy" rating and issued a $32.00 price target (up from $30.00) on shares of Fiverr International in a research report on Thursday, August 1st. Needham & Company LLC restated a "buy" rating and issued a $36.00 price objective on shares of Fiverr International in a research note on Wednesday, July 31st. Finally, UBS Group lowered shares of Fiverr International from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $37.00 to $25.00 in a report on Tuesday, July 2nd.

Institutional Investors Weigh In On Fiverr International

Several large investors have recently made changes to their positions in the company. Bullseye Asset Management LLC boosted its position in shares of Fiverr International by 10.5% during the 4th quarter. Bullseye Asset Management LLC now owns 40,621 shares of the company's stock valued at $1,106,000 after acquiring an additional 3,861 shares during the last quarter. Vima LLC purchased a new position in shares of Fiverr International in the 4th quarter worth $86,000. Arkadios Wealth Advisors grew its stake in shares of Fiverr International by 28.0% in the 1st quarter. Arkadios Wealth Advisors now owns 117,105 shares of the company's stock worth $2,467,000 after buying an additional 25,613 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Fiverr International by 21.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company's stock valued at $870,000 after buying an additional 7,307 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Fiverr International by 9.5% in the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company's stock valued at $749,000 after acquiring an additional 3,095 shares during the last quarter. 59.00% of the stock is owned by institutional investors.

Fiverr International Stock Performance

FVRR traded down $0.64 during midday trading on Thursday, hitting $22.99. 626,842 shares of the company traded hands, compared to its average volume of 841,834. The company's 50-day moving average is $24.70 and its 200 day moving average is $23.31. Fiverr International has a 52 week low of $18.83 and a 52 week high of $31.61. The firm has a market capitalization of $888.66 million, a PE ratio of 107.41 and a beta of 1.71. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 1.44.

Fiverr International (NYSE:FVRR - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $94.66 million for the quarter, compared to analysts' expectations of $94.69 million. Fiverr International had a net margin of 3.17% and a return on equity of 5.67%. On average, research analysts expect that Fiverr International will post 0.57 EPS for the current 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.