Zacks Research Downgrades Fiverr International (NYSE:FVRR) to Strong Sell

Fiverr International (NYSE:FVRR) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Other equities analysts have also issued reports about the company. Royal Bank Of Canada cut their price target on Fiverr International from $28.00 to $16.00 and set a “sector perform” rating for the company in a report on Wednesday, February 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Fiverr International in a report on Wednesday, February 18th. Roth Mkm lowered Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 price target for the company. in a report on Thursday, February 19th. BTIG Research reaffirmed a “neutral” rating on shares of Fiverr International in a report on Monday, March 2nd. Finally, UBS Group cut their price target on Fiverr International from $25.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fiverr International has an average rating of “Hold” and a consensus price target of $19.30.

Fiverr International Price Performance

Shares of NYSE FVRR opened at $10.67 on Tuesday. Fiverr International has a 1-year low of $9.67 and a 1-year high of $34.13. The stock has a fifty day simple moving average of $10.57 and a two-hundred day simple moving average of $15.25. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.04. The firm has a market cap of $383.51 million, a price-to-earnings ratio of 13.68 and a beta of 1.43.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.62 EPS for the quarter. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%.The firm had revenue of $105.49 million during the quarter. Analysts anticipate that Fiverr International will post 1.15 earnings per share for the current year.

Institutional Investors Weigh In On Fiverr International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. raised its position in shares of Fiverr International by 26.7% in the third quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company’s stock worth $65,666,000 after buying an additional 566,636 shares in the last quarter. Engine Capital Management LP raised its position in shares of Fiverr International by 78.4% in the first quarter. Engine Capital Management LP now owns 1,338,644 shares of the company’s stock worth $13,413,000 after buying an additional 588,220 shares in the last quarter. Avory & Company LLC raised its position in shares of Fiverr International by 0.8% in the third quarter. Avory & Company LLC now owns 1,064,005 shares of the company’s stock worth $25,972,000 after buying an additional 8,694 shares in the last quarter. Sparta 24 Ltd. purchased a new stake in shares of Fiverr International in the first quarter worth $9,410,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Fiverr International by 4.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 840,575 shares of the company’s stock worth $20,518,000 after buying an additional 35,841 shares in the last quarter. Hedge funds and other institutional investors own 59.00% of the company’s stock.

About Fiverr International

Fiverr International Ltd. operates an online marketplace that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.

Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.