Fiverr International (NYSE:FVRR – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.
A number of other equities research analysts also recently weighed in on the company. Citigroup restated a “neutral” rating and set a $15.00 price target (down from $33.00) on shares of Fiverr International in a research report on Thursday, February 19th. Scotiabank lowered their price target on Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating on the stock in a research report on Thursday, February 19th. Needham & Company LLC restated a “hold” rating on shares of Fiverr International in a research report on Wednesday, February 18th. Roth Mkm downgraded Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research report on Thursday, February 19th. Finally, UBS Group lowered their price target on Fiverr International from $25.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.30.
View Our Latest Analysis on Fiverr International
Fiverr International Trading Up 0.5%
Fiverr International (NYSE:FVRR – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.62 earnings per share for the quarter. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%.The business had revenue of $105.49 million for the quarter. On average, equities research analysts anticipate that Fiverr International will post 1.15 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Invenomic Capital Management LP bought a new position in shares of Fiverr International during the third quarter valued at about $15,194,000. Hussman Strategic Advisors Inc. bought a new position in shares of Fiverr International during the fourth quarter valued at about $830,000. Sanctuary Advisors LLC grew its stake in shares of Fiverr International by 32.5% during the fourth quarter. Sanctuary Advisors LLC now owns 26,600 shares of the company’s stock valued at $526,000 after buying an additional 6,531 shares during the last quarter. Eagle Global Advisors LLC bought a new position in shares of Fiverr International during the fourth quarter valued at about $593,000. Finally, Strategic Advocates LLC bought a new position in shares of Fiverr International during the third quarter valued at about $26,000. 59.00% of the stock is owned by institutional investors.
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.
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