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Shares of Fiverr International Ltd. (NYSE:FVRR – Get Rating) have received consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $40.63.
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Fiverr International Ltd. (NYSE:FVRR) Given Average Recommendation Of "Moderate Buy" By Analysts
FVRR has been the topic of a number of analyst reports. Citigroup initiated coverage on Fiverr International in a research note on Tuesday, December 13th. They issued a “buy” rating and a $45.00 price target on the stock. Needham & Company LLC reduced their target price on Fiverr International from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 10th. Oppenheimer reduced their target price on Fiverr International from $50.00 to $40.00 in a research note on Thursday, November 10th. Piper Sandler reduced their target price on Fiverr International from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 6th. Finally, The Goldman Sachs Group reduced their target price on Fiverr International from $42.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, November 10th.
Fiverr International Ltd. (NYSE:FVRR) Given Average Recommendation Of "Moderate Buy" By Analysts
Several hedge funds have recently made changes to their positions in FVRR. Bank of New York Mellon Corp boosted its position in shares of Fiverr International by 5.4% during the first quarter. Bank of New York Mellon Corp now owns 56,619 shares of the company’s stock valued at $4,308,000 after purchasing an additional 2,891 shares in the last quarter. Industrial Alliance Investment Management Inc. bought a new stake in Fiverr International in the first quarter worth $134,000. Power Corp of Canada bought a new stake in Fiverr International in the first quarter worth $304,000. Neuberger Berman Group LLC bought a new stake in Fiverr International in the first quarter worth $229,000. Finally, Keebeck Alpha LP boosted its holdings in Fiverr International by 79.6% in the second quarter. Keebeck Alpha LP now owns 10,394 shares of the company’s stock worth $357,000 after acquiring an additional 4,607 shares in the last quarter. 47.70% of the stock is currently owned by institutional investors.
Fiverr International Ltd. (NYSE:FVRR) Given Average Recommendation Of "Moderate Buy" By Analysts
NYSE:FVRR opened at $36.01 on Tuesday. The business has a 50 day moving average of $32.35 and a 200 day moving average of $33.17. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -14.82 and a beta of 1.73. Fiverr International has a 1-year low of $26.16 and a 1-year high of $94.37. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.98 and a quick ratio of 2.98.
Fiverr International Ltd. (NYSE:FVRR) Given Average Recommendation Of "Moderate Buy" By Analysts
Fiverr International (NYSE:FVRR – Get Rating) last announced its quarterly earnings results on Wednesday, November 9th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.27. The business had revenue of $82.54 million for the quarter, compared to analysts’ expectations of $81.45 million. Fiverr International had a negative return on equity of 32.87% and a negative net margin of 26.86%. On average, sell-side analysts predict that Fiverr International will post -1.11 earnings per share for the current fiscal year.
Fiverr International Ltd. (NYSE:FVRR) Given Average Recommendation Of "Moderate Buy" By Analysts
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 550 categories in nine verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, data, and lifestyle.
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