Fiverr International (NYSE:FVRR – Get Free Report) had its price objective hoisted by equities research analysts at The Goldman Sachs Group from $9.00 to $10.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group‘s target price would indicate a potential upside of 13.57% from the company’s previous close.
Several other research analysts have also issued reports on FVRR. Scotiabank decreased their price target on shares of Fiverr International from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Friday. Needham & Company LLC restated a “hold” rating on shares of Fiverr International in a report on Friday. JPMorgan Chase & Co. dropped their price target on Fiverr International from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday. Royal Bank Of Canada cut their price target on Fiverr International from $16.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 30th. Finally, Citigroup cut their price target on Fiverr International from $15.00 to $11.50 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Eleven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fiverr International has an average rating of “Reduce” and an average price target of $11.25.
View Our Latest Analysis on Fiverr International
Fiverr International Stock Performance
NYSE:FVRR traded up $0.41 during midday trading on Monday, reaching $8.80. 722,074 shares of the stock traded hands, compared to its average volume of 981,399. The stock has a market capitalization of $316.55 million, a P/E ratio of 12.74 and a beta of 1.51. The company has a fifty day moving average of $8.80 and a 200 day moving average of $10.73. Fiverr International has a 12 month low of $8.01 and a 12 month high of $22.84.
Fiverr International (NYSE:FVRR – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.14. The firm had revenue of $90.90 million for the quarter, compared to analyst estimates of $83.78 million. Fiverr International had a return on equity of 13.54% and a net margin of 6.42%. The business’s quarterly revenue was down 15.8% compared to the same quarter last year. During the same period last year, the company earned $0.15 EPS. On average, analysts predict that Fiverr International will post 0.88 EPS for the current fiscal year.
Institutional Trading of Fiverr International
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FVRR. Engine Capital Management LP lifted its position in shares of Fiverr International by 78.4% during the 1st quarter. Engine Capital Management LP now owns 1,338,644 shares of the company’s stock valued at $13,413,000 after buying an additional 588,220 shares in the last quarter. Wellington Management Group LLP raised its stake in Fiverr International by 16.5% during the 2nd quarter. Wellington Management Group LLP now owns 1,269,405 shares of the company’s stock worth $13,100,000 after acquiring an additional 179,418 shares during the period. Sparta 24 Ltd. purchased a new position in Fiverr International during the first quarter valued at approximately $9,410,000. Renaissance Technologies LLC lifted its holdings in Fiverr International by 26.0% during the first quarter. Renaissance Technologies LLC now owns 731,659 shares of the company’s stock valued at $7,331,000 after purchasing an additional 151,200 shares in the last quarter. Finally, Rice Hall James & Associates LLC boosted its position in shares of Fiverr International by 5.3% in the first quarter. Rice Hall James & Associates LLC now owns 304,628 shares of the company’s stock worth $3,052,000 after purchasing an additional 15,331 shares during the period. 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 individual customers with freelancers offering digital services. The platform covers categories such as graphic design, digital marketing, writing and translation, video and animation, programming and technology, music and audio, business services, and consulting.
Fiverr’s marketplace is designed to support transactions between buyers and sellers, including service discovery, communication, payments, and delivery.
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