Fiverr International (NYSE:FVRR) Receives $32.60 Average Target Price from Analysts

Fiverr International (NYSE:FVRR) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $32.60.

A number of analysts have weighed in on the stock. Weiss Ratings initiated coverage on shares of Fiverr International in a research note on Saturday, November 1st. They set a “sell (d+)” rating on the stock. Needham & Company LLC restated a “buy” rating and set a $32.00 price target on shares of Fiverr International in a report on Tuesday, September 16th. BTIG Research upgraded shares of Fiverr International from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Friday, September 19th. Zacks Research upgraded shares of Fiverr International from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Finally, Oppenheimer lowered their target price on shares of Fiverr International from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, September 16th.

Institutional Investors Weigh In On Fiverr International

Several institutional investors and hedge funds have recently made changes to their positions in FVRR. Tidal Investments LLC increased its holdings in Fiverr International by 2.5% in the second quarter. Tidal Investments LLC now owns 25,420 shares of the company’s stock worth $746,000 after purchasing an additional 614 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Fiverr International by 4.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,003 shares of the company’s stock worth $366,000 after buying an additional 672 shares in the last quarter. Investment House LLC grew its position in shares of Fiverr International by 0.3% during the 2nd quarter. Investment House LLC now owns 277,390 shares of the company’s stock worth $8,136,000 after buying an additional 910 shares during the period. Strategic Advocates LLC bought a new stake in shares of Fiverr International in the 3rd quarter valued at $26,000. Finally, Geode Capital Management LLC lifted its position in shares of Fiverr International by 4.5% during the 2nd quarter. Geode Capital Management LLC now owns 25,817 shares of the company’s stock valued at $756,000 after acquiring an additional 1,112 shares during the period. Institutional investors own 59.00% of the company’s stock.

Fiverr International Stock Down 1.1%

Fiverr International stock opened at $20.70 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.05. Fiverr International has a 1-year low of $19.35 and a 1-year high of $35.45. The company has a fifty day simple moving average of $21.80 and a 200 day simple moving average of $24.63. The company has a market cap of $741.89 million, a P/E ratio of 35.08 and a beta of 1.28.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.07. Fiverr International had a return on equity of 13.53% and a net margin of 5.23%.The company had revenue of $107.90 million during the quarter, compared to analysts’ expectations of $107.88 million. During the same quarter last year, the company earned $0.64 EPS. Fiverr International’s revenue for the quarter was up 8.3% compared to the same quarter last year. Research analysts anticipate that Fiverr International will post 1.04 earnings per share 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.