Fiverr International (FVRR) to Release Quarterly Earnings on Thursday

Posted by Defense World Staff on May 4th, 2023

Fiverr International (NYSE:FVRR – Get Rating) is set to issue its quarterly earnings data before the market opens on Thursday, May 11th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Fiverr International has set its FY 2023 guidance at EPS and its Q1 2023 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Fiverr International (NYSE:FVRR – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.04. Fiverr International had a negative net margin of 21.19% and a negative return on equity of 30.27%. The firm had revenue of $83.13 million during the quarter, compared to analysts’ expectations of $82.98 million. On average, analysts expect Fiverr International to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Fiverr International Trading Down 9.7 %

Shares of NYSE FVRR opened at $27.92 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 3.17 and a current ratio of 3.17. Fiverr International has a 52-week low of $26.16 and a 52-week high of $58.19. The firm has a 50 day moving average price of $35.52 and a two-hundred day moving average price of $34.33. The stock has a market cap of $1.05 billion, a P/E ratio of -14.47 and a beta of 1.73.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JMP Securities upped their price target on shares of Fiverr International from $50.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, February 23rd. Citigroup upped their price target on shares of Fiverr International from $45.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, February 23rd. Piper Sandler decreased their price target on shares of Fiverr International from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, January 6th. BTIG Research began coverage on shares of Fiverr International in a research note on Monday, April 10th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, Royal Bank of Canada upped their price objective on shares of Fiverr International from $33.00 to $40.00 and gave the company a “sector perform” rating in a research note on Thursday, February 23rd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $45.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FVRR. Bank of New York Mellon Corp boosted its stake in Fiverr International by 5.4% during the first quarter. Bank of New York Mellon Corp now owns 56,619 shares of the company’s stock worth $4,308,000 after acquiring an additional 2,891 shares in the last quarter. Industrial Alliance Investment Management Inc. bought a new position in Fiverr International during the first quarter worth $134,000. Power Corp of Canada bought a new position in Fiverr International during the first quarter worth $304,000. Neuberger Berman Group LLC bought a new position in Fiverr International during the first quarter worth $229,000. Finally, Captrust Financial Advisors boosted its stake in Fiverr International by 32.4% during the second quarter. Captrust Financial Advisors now owns 1,634 shares of the company’s stock worth $56,000 after acquiring an additional 400 shares in the last quarter. 47.70% of the stock is owned by institutional investors.

Fiverr International Company Profile

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