Fiverr International (NYSE:FVRR) issued its earnings results on Thursday. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.27, Briefing.com reports. The business had revenue of $25.91 million for the quarter, compared to analyst estimates of $24.09 million. The company’s quarterly revenue was up 40.8% on a year-over-year basis. Fiverr International updated its FY 2019 guidance to EPS and its Q3 2019 guidance to EPS.
FVRR stock traded down $2.20 during trading on Friday, hitting $22.46. 359,777 shares of the stock traded hands, compared to its average volume of 843,857. Fiverr International has a one year low of $22.14 and a one year high of $44.25.
Several analysts have recently weighed in on the stock. CIBC assumed coverage on shares of Fiverr International in a research report on Monday, July 8th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. assumed coverage on shares of Fiverr International in a report on Monday, July 8th. They set a “neutral” rating and a $30.00 price target for the company. Bank of America reissued a “neutral” rating and set a $30.00 price target (down from $31.00) on shares of Fiverr International in a report on Friday. JMP Securities assumed coverage on shares of Fiverr International in a report on Monday, July 8th. They set an “outperform” rating and a $33.00 price target for the company. Finally, UBS Group assumed coverage on shares of Fiverr International in a report on Monday, July 8th. They set a “neutral” rating and a $29.00 price target for the company. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $30.86.
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.
See Also: What is net income?
Receive News & Ratings for Fiverr International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiverr International and related companies with MarketBeat.com's FREE daily email newsletter.