$26.11 Million in Sales Expected for Fiverr International Ltd. (NYSE:FVRR) This Quarter

Equities analysts expect Fiverr International Ltd. (NYSE:FVRR) to post $26.11 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Fiverr International’s earnings, with the highest sales estimate coming in at $26.17 million and the lowest estimate coming in at $26.04 million. The firm is scheduled to issue its next earnings report on Thursday, November 14th.

On average, analysts expect that Fiverr International will report full year sales of $102.82 million for the current year, with estimates ranging from $102.63 million to $103.00 million. For the next financial year, analysts anticipate that the company will post sales of $132.36 million, with estimates ranging from $131.57 million to $133.15 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Fiverr International.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.46) by $0.27. The company had revenue of $25.91 million for the quarter, compared to analyst estimates of $24.09 million. The business’s revenue was up 40.8% on a year-over-year basis.

Several analysts have issued reports on the company. Oppenheimer assumed coverage on Fiverr International in a report on Monday, July 8th. They set an “outperform” rating and a $32.00 price objective on the stock. Citigroup cut their price objective on Fiverr International from $31.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, September 25th. Bank of America cut their price objective on Fiverr International from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. UBS Group assumed coverage on Fiverr International in a report on Monday, July 8th. They set a “neutral” rating and a $29.00 price objective on the stock. Finally, Needham & Company LLC assumed coverage on Fiverr International in a report on Monday, July 8th. They set a “buy” rating and a $31.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.88.

NYSE FVRR traded up $0.06 on Thursday, hitting $20.69. 58,900 shares of the company were exchanged, compared to its average volume of 496,783. The company’s 50 day moving average price is $20.73. Fiverr International has a twelve month low of $17.11 and a twelve month high of $44.25.

A number of large investors have recently added to or reduced their stakes in FVRR. SG Americas Securities LLC bought a new stake in shares of Fiverr International in the 2nd quarter valued at approximately $313,000. Marshall Wace North America L.P. bought a new stake in shares of Fiverr International in the 2nd quarter valued at approximately $668,000. Finally, UBS Oconnor LLC bought a new stake in shares of Fiverr International in the 2nd quarter valued at approximately $1,354,000. 24.56% of the stock is currently owned by institutional investors.

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 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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