Shares of Fiverr International Ltd. (NYSE:FVRR – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $32.30.
A number of analysts recently commented on the stock. Citigroup upped their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. JMP Securities raised their price target 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. Needham & Company LLC reiterated a “buy” rating and set a $36.00 price objective on shares of Fiverr International in a report on Wednesday, October 30th. BTIG Research cut Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Finally, UBS Group lifted their price target on shares of Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday.
Check Out Our Latest Analysis on Fiverr International
Fiverr International Price Performance
Fiverr International (NYSE:FVRR – Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. The business had revenue of $99.63 million for the quarter, compared to analyst estimates of $96.37 million. On average, equities analysts predict that Fiverr International will post 0.51 earnings per share for the current year.
Institutional Trading of Fiverr International
A number of hedge funds and other institutional investors have recently made changes to their positions in FVRR. California State Teachers Retirement System grew its position in Fiverr International by 9.5% in the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock valued at $749,000 after purchasing an additional 3,095 shares in the last quarter. Swedbank AB bought a new position in shares of Fiverr International in the 1st quarter valued at about $400,000. ARK Investment Management LLC increased its position in shares of Fiverr International by 27.1% in the second quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock valued at $2,568,000 after acquiring an additional 23,335 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Fiverr International by 18.4% in the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock valued at $332,000 after acquiring an additional 2,208 shares during the last quarter. Finally, Engine Capital Management LP raised its holdings 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 acquiring an additional 21,144 shares in the last quarter. 59.00% of the stock is currently owned by institutional investors and hedge funds.
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.
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