Stocks of Fiverr International Ltd. (NYSE:FVRR) traded higher last session on Wall Street, up 7.62% to $30.35.
According to the data, Fiverr International Ltd. (NYSE:FVRR) has 10 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $55.00 and a low of $30.00, we find $40.00. Given the previous closing price of $28.20, this indicates a potential upside of 41.84 percent. FVRR stock price is now 9.53% away from the 50-day moving average and -6.39% away from the 200-day moving average. The market capitalization of the company currently stands at $1.13B.
A total of 4 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $42.20 as their price target over the next twelve months.
With the price target reduced from $50 to $40, BTIG Research maintained Buy rating for Fiverr International Ltd. (NYSE: FVRR).
A total of 12.57% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FVRR stock. A new stake in Fiverr International Ltd. shares was purchased by GRANAHAN INVESTMENT MANAGEMENT, LLC during the first quarter worth $9,932,000. GRANITE INVESTMENT PARTNERS, LLC invested $9,685,000 in shares of FVRR during the first quarter. In the first quarter, BRIGHTLIGHT CAPITAL MANAGEMENT LP acquired a new stake in Fiverr International Ltd. valued at approximately $5,151,000. NORDEA INVESTMENT MANAGEMENT AB acquired a new stake in FVRR for approximately $1,935,000. ETF MANAGERS GROUP, LLC purchased a new stake in FVRR valued at around $1,128,000 in the second quarter. In total, there are 298 active investors with 52.00% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $28.50 for Fiverr International Ltd. (NYSE: FVRR). During the past 12 months, Fiverr International Ltd. has had a low of $24.58 and a high of $47.66. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.00, and a quick ratio of 3.00. The fifty day moving average price for FVRR is $27.59 and a two-hundred day moving average price translates $32.42 for the stock.
The latest earnings results from Fiverr International Ltd. (NYSE: FVRR) was released for Mar, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.36, beating analysts’ expectations of $0.24 by 0.12. This compares to -$0.46 EPS in the same period last year. The net profit margin was -17.40% and return on equity was -22.80% for FVRR. The company reported revenue of $87.96 million for the quarter, compared to $86.69 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.47 percent. For the current quarter, analysts expect FVRR to generate $89.15M in revenue.
Fiverr International Ltd.(FVRR) 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 600 categories in ten verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and tech, business, data, lifestyle, and photography. It also offers Fiverr Workspace, which provides freelancers a software solution to manage invoicing, contracts, time tracking, and organizing workflow; Fiverr Learn and CreativeLive that offers learning and development offerings for freelancers; ClearVoice, a subscription based content marketing solution; and Stoke Talent, a freelancer management system. In addition, the company provides back office and creative talent platforms. Its buyers include businesses of various sizes, as well as sellers comprise a group of freelancers and small businesses. The company was incorporated in 2010 and is headquartered in Tel Aviv, Israel.
