$70.90 Million in Sales Expected for Fiverr International Ltd. (NYSE:FVRR) This Quarter

Equities research analysts forecast that Fiverr International Ltd. (NYSE:FVRR) will announce sales of $70.90 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Fiverr International’s earnings, with the highest sales estimate coming in at $71.50 million and the lowest estimate coming in at $70.30 million. Fiverr International posted sales of $52.35 million in the same quarter last year, which would suggest a positive year over year growth rate of 35.4%. The company is expected to announce its next earnings report on Wednesday, October 27th.

On average, analysts expect that Fiverr International will report full-year sales of $285.92 million for the current fiscal year, with estimates ranging from $284.50 million to $287.34 million. For the next year, analysts expect that the business will report sales of $382.46 million, with estimates ranging from $379.89 million to $385.03 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Fiverr International.

Fiverr International (NYSE:FVRR) last released its quarterly earnings data on Thursday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.31. The company had revenue of $75.30 million during the quarter, compared to analysts’ expectations of $74.82 million. Fiverr International had a negative return on equity of 5.01% and a negative net margin of 15.76%. The business’s revenue was up 59.9% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share.

Several brokerages have commented on FVRR. Royal Bank of Canada cut their target price on Fiverr International from $235.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, August 6th. Zacks Investment Research lowered Fiverr International from a “hold” rating to a “strong sell” rating in a report on Monday, August 16th. Needham & Company LLC dropped their target price on Fiverr International from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, August 6th. The Goldman Sachs Group lowered their price objective on Fiverr International from $296.00 to $257.00 and set a “buy” rating on the stock in a research report on Friday, August 6th. Finally, JMP Securities reduced their target price on Fiverr International from $300.00 to $225.00 and set an “outperform” rating on the stock in a research note on Friday, August 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $237.45.

Shares of FVRR traded down $1.45 during midday trading on Friday, hitting $188.54. The company’s stock had a trading volume of 19,266 shares, compared to its average volume of 863,149. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of -172.72 and a beta of 1.93. Fiverr International has a one year low of $115.73 and a one year high of $336.00. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 1.09. The company’s fifty day simple moving average is $200.15 and its two-hundred day simple moving average is $209.11.

Several large investors have recently added to or reduced their stakes in FVRR. Dark Forest Capital Management LP purchased a new position in Fiverr International during the second quarter worth about $34,000. CKW Financial Group purchased a new stake in shares of Fiverr International during the 1st quarter worth approximately $42,000. Amundi purchased a new stake in shares of Fiverr International during the 2nd quarter worth approximately $47,000. First Horizon Advisors Inc. raised its position in Fiverr International by 20,200.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 203 shares of the company’s stock valued at $48,000 after purchasing an additional 202 shares during the last quarter. Finally, Huntington National Bank raised its position in Fiverr International by 18.6% in the 2nd quarter. Huntington National Bank now owns 389 shares of the company’s stock valued at $95,000 after purchasing an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 47.21% of the company’s stock.

Fiverr International Company Profile

Fiverr International Ltd. develops an e-commerce platform that allows the people to buy and sell digital services. It operates through the following geographical segments: U.S., Europe, Asia Pacific, Rest of the World, and Israel. The firm offers digital marketing, graphics and design, video and animation, writing and translation, and music and audio.

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