Fiverr International (FVRR) Gets a Buy from JMP Securities

JMP Securities analyst Andrew Boone reiterated a Buy rating on Fiverr International (FVRRResearch Report) on September 9 and set a price target of $50.00. The company’s shares closed last Friday at $36.67.

According to TipRanks, Boone is an analyst with an average return of -20.3% and a 23.08% success rate. Boone covers the Technology sector, focusing on stocks such as Shopify, Twitter, and Wix.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fiverr International with a $44.00 average price target, which is a 19.99% upside from current levels. In a report released on August 25, Piper Sandler also maintained a Buy rating on the stock with a $50.00 price target.

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Based on Fiverr International’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $85.01 million and a GAAP net loss of $41.86 million. In comparison, last year the company earned a revenue of $75.26 million and had a GAAP net loss of $13.3 million

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Fiverr International Ltd. develops an e-commerce platform that allows the 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. The company was founded by Micha Kaufman and Shai Wininger in 2009 and is headquartered in Tel Aviv, Israel.

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