Fiverr International (NYSE:FVRR) Upgraded by Zacks Investment Research to “Buy”

Fiverr International (NYSE:FVRR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Zacks.com reports. The firm presently has a $25.00 price objective on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.01% from the stock’s previous close.

According to Zacks, “Fiverr International Ltd. provides an online marketplace for selling goods and services. The Company provides logo, poster and brochure designing, as well as photoshop editing, content marketing, web analytics and translation services. Fiverr International Ltd. is based in NEW YORK. “

A number of other equities research analysts have also recently issued reports on FVRR. Citigroup reduced their target price on shares of Fiverr International from $31.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, September 25th. JPMorgan Chase & Co. cut their price objective on shares of Fiverr International from $31.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Bank of America raised shares of Fiverr International from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Thursday, November 14th. Finally, UBS Group cut their price objective on shares of Fiverr International from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $28.13.

Shares of Fiverr International stock traded up $0.39 during trading on Tuesday, reaching $22.32. The company’s stock had a trading volume of 179,400 shares, compared to its average volume of 409,567. The firm’s 50-day moving average price is $21.58. Fiverr International has a 52 week low of $17.11 and a 52 week high of $44.25. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.66 and a current ratio of 2.66.

Fiverr International (NYSE:FVRR) last announced its earnings results on Wednesday, November 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.25. The company had revenue of $27.90 million during the quarter, compared to analysts’ expectations of $26.12 million. Fiverr International had a negative net margin of 32.55% and a negative return on equity of 26.60%. The business’s revenue was up 41.6% on a year-over-year basis. Equities research analysts predict that Fiverr International will post -1.71 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Oconnor LLC acquired a new position in Fiverr International during the second quarter worth about $1,354,000. Marshall Wace North America L.P. acquired a new position in Fiverr International during the second quarter worth about $668,000. Finally, SG Americas Securities LLC acquired a new position in Fiverr International during the second quarter worth about $313,000. 24.11% of the stock is owned by institutional investors and hedge funds.

Fiverr International Company Profile

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 200 categories in 8 verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, and lifestyle.

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Analyst Recommendations for Fiverr International (NYSE:FVRR)

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