Wall Street brokerages expect Fiverr International Ltd. (NYSE:FVRR) to announce ($0.11) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Fiverr International’s earnings. Fiverr International posted earnings per share of ($0.19) during the same quarter last year, which would suggest a positive year over year growth rate of 42.1%. The firm is expected to report its next quarterly earnings report on Thursday, August 13th.
On average, analysts expect that Fiverr International will report full-year earnings of ($0.30) per share for the current fiscal year, with EPS estimates ranging from ($0.58) to ($0.18). For the next year, analysts expect that the company will post earnings of ($0.10) per share, with EPS estimates ranging from ($0.41) to $0.13. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Fiverr International.
Fiverr International (NYSE:FVRR) last announced its earnings results on Thursday, May 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.19. Fiverr International had a negative return on equity of 16.39% and a negative net margin of 26.72%. The company had revenue of $34.20 million for the quarter, compared to analyst estimates of $33.23 million. The firm’s quarterly revenue was up 43.7% compared to the same quarter last year.
FVRR has been the topic of several recent analyst reports. ValuEngine lowered Fiverr International from a “buy” rating to a “hold” rating in a research report on Monday, June 15th. JPMorgan Chase & Co. upped their target price on Fiverr International from $37.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Zacks Investment Research lowered Fiverr International from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Citigroup increased their price objective on Fiverr International from $35.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, JMP Securities increased their price objective on Fiverr International from $37.00 to $53.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $51.78.
Several institutional investors and hedge funds have recently modified their holdings of FVRR. Marshall Wace North America L.P. purchased a new stake in shares of Fiverr International in the fourth quarter worth about $37,000. Altshuler Shaham Ltd boosted its stake in shares of Fiverr International by 75.9% in the fourth quarter. Altshuler Shaham Ltd now owns 5,100 shares of the company’s stock worth $118,000 after buying an additional 2,200 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Fiverr International in the first quarter worth about $327,000. Taylor Frigon Capital Management LLC purchased a new stake in shares of Fiverr International in the first quarter worth about $2,321,000. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in shares of Fiverr International in the first quarter worth about $3,464,000. Hedge funds and other institutional investors own 49.44% of the company’s stock.
NYSE:FVRR traded up $3.23 during mid-day trading on Tuesday, hitting $73.82. 758,475 shares of the company’s stock traded hands, compared to its average volume of 554,665. The company has a fifty day moving average of $62.22 and a 200 day moving average of $36.43. Fiverr International has a twelve month low of $17.11 and a twelve month high of $76.37. The company has a market capitalization of $2.20 billion and a P/E ratio of -47.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.14 and a current ratio of 2.14.
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 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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