Fiverr International (NYSE:FVRR – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.
A number of other equities analysts have also commented on the stock. Wall Street Zen upgraded shares of Fiverr International from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. BTIG Research reaffirmed a “neutral” rating on shares of Fiverr International in a report on Monday, March 2nd. Finally, Weiss Ratings cut shares of Fiverr International from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $19.30.
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Fiverr International Stock Performance
Fiverr International (NYSE:FVRR – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $105.49 million for the quarter. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%. Research analysts predict that Fiverr International will post 1.24 EPS for the current year.
Institutional Investors Weigh In On Fiverr International
Institutional investors and hedge funds have recently bought and sold shares of the stock. Strategic Advocates LLC purchased a new position in Fiverr International in the 3rd quarter worth approximately $26,000. Russell Investments Group Ltd. bought a new stake in shares of Fiverr International during the 4th quarter worth $32,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Fiverr International during the 4th quarter worth $43,000. Clearstead Trust LLC bought a new stake in shares of Fiverr International during the 4th quarter worth $46,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Fiverr International by 586.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,493 shares of the company’s stock worth $49,000 after acquiring an additional 2,130 shares in the last quarter. 59.00% of the stock is owned by hedge funds and other institutional investors.
Fiverr International Company Profile
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.
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