Fiverr International (NYSE:FVRR) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Fiverr International (NYSE:FVRR) issued its quarterly earnings results on Wednesday. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09, reports. The firm had revenue of $99.63 million during the quarter, compared to the consensus estimate of $96.37 million. Fiverr International had a return on equity of 6.97% and a net margin of 2.67%. Fiverr International updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Fiverr International Price Performance

FVRR traded up $0.93 during trading on Friday, reaching $30.19. The stock had a trading volume of 1,110,233 shares, compared to its average volume of 852,000. Fiverr International has a 1-year low of $18.83 and a 1-year high of $32.68. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 116.15 and a beta of 1.71. The stock has a 50 day moving average of $24.62 and a two-hundred day moving average of $23.73. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 1.44.

Institutional Trading of Fiverr International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp raised its position in Fiverr International by 18.4% in the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after acquiring an additional 2,208 shares in the last quarter. Swedbank AB acquired a new position in shares of Fiverr International in the 1st quarter worth approximately $400,000. Shaker Investments LLC OH bought a new stake in shares of Fiverr International in the 3rd quarter worth approximately $552,000. California State Teachers Retirement System lifted its stake in Fiverr International by 9.5% during the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock valued at $749,000 after purchasing an additional 3,095 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Fiverr International by 21.5% during the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock worth $870,000 after buying an additional 7,307 shares in the last quarter. Institutional investors own 59.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on FVRR. Needham & Company LLC reissued a “buy” rating and set a $36.00 price objective on shares of Fiverr International in a report on Wednesday. The Goldman Sachs Group lowered their price objective on Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Roth Mkm reiterated a “buy” rating and issued a $32.00 target price (up previously from $30.00) on shares of Fiverr International in a research report on Thursday, August 1st. JMP Securities upped their price target on Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a research report on Thursday. Finally, Citigroup lifted their target price on Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.60.

About Fiverr International

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 various 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.