Fiverr International Ltd. (NYSE:FVRR) has been given a consensus rating of “Buy” by the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $28.38.
FVRR has been the topic of several research reports. UBS Group decreased their price target on shares of Fiverr International from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Citigroup decreased their price target on shares of Fiverr International from $31.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, September 25th. Bank of America raised shares of Fiverr International from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Thursday, November 14th. Finally, Zacks Investment Research raised shares of Fiverr International from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, November 19th.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. UBS Oconnor LLC bought a new stake in Fiverr International during the 2nd quarter worth approximately $1,354,000. Marshall Wace North America L.P. bought a new stake in Fiverr International during the 2nd quarter worth approximately $668,000. Finally, SG Americas Securities LLC bought a new stake in Fiverr International during the 2nd quarter worth approximately $313,000. 34.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Fiverr International stock traded up $1.34 during midday trading on Thursday, hitting $21.54. 526,605 shares of the company traded hands, compared to its average volume of 387,126. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $22.19. Fiverr International has a 12 month low of $17.11 and a 12 month high of $44.25.
Fiverr International (NYSE:FVRR) last announced its quarterly earnings results on Wednesday, November 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.25. The company had revenue of $27.90 million for the quarter, compared to analyst estimates of $26.12 million. Fiverr International had a negative net margin of 32.55% and a negative return on equity of 26.60%. Fiverr International’s revenue for the quarter was up 41.6% compared to the same quarter last year. As a group, research analysts anticipate that Fiverr International will post -1.62 earnings per share for the current year.
About Fiverr International
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 approximately 200 categories in 8 verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, and lifestyle.
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