Fiverr International $FVRR Shares Sold by Investment House LLC

Investment House LLC lowered its stake in shares of Fiverr International (NYSE:FVRR) by 73.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,675 shares of the company’s stock after selling 215,605 shares during the period. Investment House LLC owned 0.21% of Fiverr International worth $1,515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FVRR. Millennium Management LLC boosted its stake in Fiverr International by 20.9% during the first quarter. Millennium Management LLC now owns 369,714 shares of the company’s stock worth $8,755,000 after buying an additional 63,828 shares during the last quarter. Geode Capital Management LLC boosted its stake in Fiverr International by 4.5% during the second quarter. Geode Capital Management LLC now owns 25,817 shares of the company’s stock worth $756,000 after buying an additional 1,112 shares during the last quarter. Legal & General Group Plc boosted its stake in Fiverr International by 11.5% during the second quarter. Legal & General Group Plc now owns 33,271 shares of the company’s stock worth $976,000 after buying an additional 3,437 shares during the last quarter. Norges Bank acquired a new position in Fiverr International during the second quarter worth $995,000. Finally, First Trust Advisors LP acquired a new position in Fiverr International during the second quarter worth $627,000. Institutional investors and hedge funds own 59.00% of the company’s stock.

Fiverr International Stock Performance

Shares of Fiverr International stock opened at $10.62 on Wednesday. Fiverr International has a 52 week low of $9.67 and a 52 week high of $34.13. The business’s fifty day simple moving average is $10.59 and its 200-day simple moving average is $15.33. The firm has a market cap of $381.86 million, a PE ratio of 13.62 and a beta of 1.43. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.04.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.62 earnings per share (EPS) for the quarter. The firm had revenue of $105.49 million for the quarter. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%. Equities analysts forecast that Fiverr International will post 1.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wall Street Zen lowered Fiverr International from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Fiverr International in a research note on Wednesday, February 18th. Roth Mkm lowered Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research note on Thursday, February 19th. The Goldman Sachs Group decreased their price target on Fiverr International from $44.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Finally, Scotiabank decreased their price target on Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating on the stock in a research note on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.30.

About Fiverr International

Fiverr International Ltd. operates an online marketplace that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.

Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.