Fiverr International (NYSE:FVRR) Stock Has Consensus Price Target of $12.56

Fiverr International (NYSE:FVRR – Get Free Report) has been assigned an average rating of “Reduce” from the twelve ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and eleven have assigned a hold recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $12.56.

Several research firms recently commented on FVRR. Scotiabank lowered shares of Fiverr International from a “sector outperform” rating to a “sector perform” rating and set a $10.00 target price on the stock. in a report on Thursday, July 30th. Citigroup lowered their price target on shares of Fiverr International from $15.00 to $11.50 and set a “neutral” rating for the company in a research note on Thursday, July 30th. UBS Group cut their price target on shares of Fiverr International from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Weiss Ratings cut Fiverr International from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 29th. Finally, Wall Street Zen downgraded Fiverr International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st.

View Our Latest Research Report on FVRR

Hedge Funds Weigh In On Fiverr International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Altshuler Shaham Ltd lifted its position in Fiverr International by 400.0% in the first quarter. Altshuler Shaham Ltd now owns 5,000 shares of the company’s stock valued at $50,000 after purchasing an additional 4,000 shares during the last quarter. Amundi purchased a new stake in shares of Fiverr International during the first quarter valued at approximately $105,000. Maxi Investments CY Ltd bought a new position in shares of Fiverr International in the second quarter worth approximately $111,000. Independent Financial Group LLC bought a new position in shares of Fiverr International in the first quarter worth approximately $131,000. Finally, Segall Bryant & Hamill LLC bought a new position in shares of Fiverr International in the first quarter worth approximately $252,000. 59.00% of the stock is currently owned by institutional investors.

Fiverr International Price Performance

NYSE:FVRR opened at $8.48 on Monday. Fiverr International has a 1-year low of $8.31 and a 1-year high of $24.19. The business has a 50 day moving average of $9.01 and a 200 day moving average of $10.05. The company has a market capitalization of $305.04 million, a price-to-earnings ratio of 10.48 and a beta of 1.51.

Fiverr International (NYSE:FVRR – Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.50 EPS for the quarter. The firm had revenue of $97.78 million for the quarter. Fiverr International had a net margin of 7.18% and a return on equity of 16.14%. As a group, sell-side analysts anticipate that Fiverr International will post 0.93 EPS for the current year.

Fiverr International Company Profile

(Get Free Report)

Fiverr International Ltd. operates an online marketplace that connects businesses and individual buyers with freelance professionals offering digital services. The platform covers categories such as graphic design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business services, and consulting.

Fiverr supports transactions between buyers and freelancers through tools for discovering services, communicating, managing projects, and completing payments.

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Analyst Recommendations for Fiverr International (NYSE:FVRR)

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