-$0.15 Earnings Per Share Expected for Fiverr International Ltd. (NYSE:FVRR) This Quarter

Brokerages forecast that Fiverr International Ltd. (NYSE:FVRR) will post ($0.15) earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Fiverr International’s earnings, with estimates ranging from ($0.23) to ($0.10). The company is scheduled to report its next quarterly earnings results on Wednesday, February 12th.

On average, analysts expect that Fiverr International will report full year earnings of ($0.81) per share for the current year, with EPS estimates ranging from ($1.28) to ($0.54). For the next fiscal year, analysts forecast that the company will post earnings of ($0.60) per share, with EPS estimates ranging from ($1.09) to ($0.31). Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Fiverr International.

Fiverr International (NYSE:FVRR) last released its earnings results on Wednesday, November 13th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.25. Fiverr International had a negative net margin of 32.55% and a negative return on equity of 26.60%. The firm had revenue of $27.90 million during the quarter, compared to analyst estimates of $26.12 million. The business’s revenue was up 41.6% on a year-over-year basis.

FVRR has been the subject of several recent research reports. Bank of America upgraded shares of Fiverr International from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Thursday, November 14th. Cantor Fitzgerald assumed coverage on shares of Fiverr International in a report on Wednesday. They issued a “neutral” rating and a $22.00 price objective for the company. Zacks Investment Research raised shares of Fiverr International from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, November 19th. Citigroup reduced their price objective on shares of Fiverr International from $31.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, September 25th. Finally, UBS Group reduced their price objective on shares of Fiverr International from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $27.67.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in Fiverr International in the 2nd quarter valued at about $313,000. Marshall Wace North America L.P. acquired a new stake in Fiverr International in the 2nd quarter valued at about $668,000. Finally, UBS Oconnor LLC acquired a new stake in Fiverr International in the 2nd quarter valued at about $1,354,000. 34.05% of the stock is owned by institutional investors.

FVRR stock traded up $1.15 during trading on Friday, hitting $23.30. 307,923 shares of the company’s stock traded hands, compared to its average volume of 194,689. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.66 and a quick ratio of 2.66. Fiverr International has a 52 week low of $17.11 and a 52 week high of $44.25. The firm’s fifty day moving average price is $22.28.

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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