Fiverr International (NYSE:FVRR) Updates FY 2021 Earnings Guidance

Fiverr International (NYSE:FVRR) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share guidance of – for the period. The company issued revenue guidance of $302 million-$308 million, compared to the consensus revenue estimate of $288.70 million.

Shares of FVRR stock traded up $11.73 during trading hours on Friday, reaching $169.70. 929,676 shares of the company’s stock were exchanged, compared to its average volume of 1,023,609. Fiverr International has a 1 year low of $52.50 and a 1 year high of $336.00. The stock has a market cap of $5.26 billion, a PE ratio of -394.64 and a beta of 2.24. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average price is $208.70 and its two-hundred day moving average price is $219.72.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings results on Thursday, May 6th. The company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.10. Fiverr International had a negative return on equity of 4.48% and a negative net margin of 8.69%. The business had revenue of $68.30 million for the quarter, compared to analyst estimates of $65.15 million. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. The company’s revenue was up 99.7% on a year-over-year basis. On average, equities analysts expect that Fiverr International will post -0.13 EPS for the current fiscal year.

FVRR has been the topic of a number of research analyst reports. JMP Securities boosted their price target on Fiverr International from $190.00 to $340.00 and gave the stock an outperform rating in a research note on Friday, February 19th. The Goldman Sachs Group dropped their price target on Fiverr International from $333.00 to $296.00 and set a buy rating on the stock in a research note on Thursday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell dropped their price target on Fiverr International from $350.00 to $280.00 in a research note on Monday, May 10th. Citigroup dropped their price target on Fiverr International from $350.00 to $280.00 in a research note on Monday, May 10th. Finally, MKM Partners upgraded Fiverr International from a sell rating to a neutral rating and dropped their target price for the company from $260.00 to $245.00 in a research report on Wednesday, March 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $228.08.

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 500 categories in eight 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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