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Zacks: Brokerages Anticipate Fiverr International Ltd. (NYSE:FVRR) Will Post Quarterly Sales of $76.97 Million

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Wall Street analysts expect Fiverr International Ltd. NYSE: FVRR to report sales of $76.97 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided earnings estimates for Fiverr International. The lowest sales estimate is $76.06 million and the highest estimate is $77.88 million. Fiverr International reported sales of $55.89 million during the same quarter last year, indicating a positive annual growth rate of 37.7%. The company is scheduled to release its next earnings report on Thursday, February 17th.

According to Zacks, analysts expect Fiverr International to report full-year sales of $294.87 million for the current fiscal year, with estimates ranging from $293.97 million to $295.78 million. For the upcoming fiscal year, analysts expect the company to report sales of $374.06 million, with estimates ranging from $368.00 million to $380.11 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts covering Fiverr International.

Fiverr International (NYSE: FVRR) posted its latest earnings results on Wednesday, November 10th. The company reported earnings of $0.19 per share (EPS) for the quarter, topping Thomson Reuters’ estimate of ($0.27) by $0.46. The company’s revenue was $74.32 million for the quarter, compared to analysts’ expectations of $70.90 million. Fiverr International had a negative return on equity of 9.25% and a negative net margin of 19.57%. During the same period last year, the company posted earnings of $0.01 per share.

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FVRR has been the subject of several recent research reports. The Royal Bank of Canada lowered shares of Fiverr International from a “outstanding” rating to a “segment performer” rating and lowered the company’s target price from $200.00 to $195.00 in a report on Thursday, October 21st. MKM Partners raised its price target for Fiverr International shares from $170.00 to $175.00 and assigned the company a “neutral” rating in a report on Thursday, November 11th. JPMorgan Chase & Co lowered its price target for Fiverr International shares from $170.00 to $134.00 and assigned a “neutral” rating to the company in a report on Wednesday, December 15th. Needham & Company LLC raised its price target for Fiverr International shares from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 11th. Finally, Zacks Investment Research lowered shares of Fiverr International from a “hold” rating to a “sell” rating in a report released on Thursday, November 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four analysts have issued a buy rating to the stock. According to MarketBeat.com, Fiverr International has a consensus rating of “Hold” and an average price target of $222.60.

Fiverr International stock opened at $101.54 on Wednesday. The 50 day simple moving average for the stock is $142.76 and its two hundred day simple moving average is $181.25. The company has a debt-to-equity ratio of 1.09, a quick ratio of 3.12 and a current ratio of 3.12. The stock has a market capitalization of $3.64 billion, a price-earnings ratio of -68.61 and a beta of 1.67. Fiverr International recorded a 52-week low at $99.25 and a 52-week high at $336.00.

Several hedge funds have recently bought and sold shares of the company. Cerity Partners LLC raised its position in shares of Fiverr International by 2.6% during the third quarter. Cerity Partners LLC now owns 2,499 shares of the company’s stock valued at $457,000 after purchasing an additional 64 shares in the last quarter. Parallel Advisors LLC raised its stake in Fiverr International by 16.5% during the second quarter. Parallel Advisors LLC now owns 543 shares of the company’s stock, valued at $132,000 after purchasing an additional 77 shares during the period. Wealthcare Advisory Partners LLC raised its stake in Fiverr International by 15.2% during the second quarter. Wealthcare Advisory Partners LLC now owns 824 shares of the company’s stock valued at $200,000 after purchasing an additional 109 shares during the period. Dark Forest Capital Management LP bought a new stake in Fiverr International during the second quarter valued at approximately $34,000. Finally, Assetmark Inc. A new stake in Fiverr International during the third quarter valued at approximately $34,000. 47.66% of the stock is currently owned by hedge funds and other institutional investors.

About Fiverr International

Fiverr International Ltd. Developing an e-commerce platform that allows individuals to buy and sell digital services. It operates through the following geographical segments: United States, Europe, Asia Pacific, Rest of the World and Israel. The company offers digital marketing, graphics, design, video, animation, writing, translation, music and audio.

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