Fiverr International (FVRR) Gets a Buy Rating from Oppenheimer


In a report released today, Jason Helfstein from Oppenheimer maintained a Buy rating on Fiverr International (FVRR), with a price target of $140.00. The company’s shares closed last Wednesday at $122.87.

According to TipRanks.com, Helfstein is a top 25 analyst with an average return of 31.1% and a 74.5% success rate. Helfstein covers the Technology sector, focusing on stocks such as Spotify Technology SA, ANGI Homeservices, and Uber Technologies.

Fiverr International has an analyst consensus of Moderate Buy, with a price target consensus of $83.86, a -27.1% downside from current levels. In a report released today, Needham also assigned a Buy rating to the stock with a $155.00 price target.

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Based on Fiverr International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $34.15 million and GAAP net loss of $6.16 million. In comparison, last year the company earned revenue of $23.76 million and had a GAAP net loss of $8.31 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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