Dadon Esther Levy Sells 2,000 Shares of Fiverr International (NYSE:FVRR) Stock

Fiverr International (NYSE:FVRR) CFO Dadon Esther Levy sold 2,000 shares of Fiverr International stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $11.04, for a total value of $22,080.00. Following the transaction, the chief financial officer owned 158,572 shares of the company’s stock, valued at $1,750,634.88. This trade represents a 1.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fiverr International Stock Performance

Shares of Fiverr International stock opened at $11.29 on Thursday. Fiverr International has a 52 week low of $9.58 and a 52 week high of $28.00. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $10.67 and a 200-day moving average price of $12.37. The company has a market cap of $405.70 million, a PE ratio of 14.47 and a beta of 1.39.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $105.49 million during the quarter. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%. Equities analysts anticipate that Fiverr International will post 1.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wall Street Zen raised shares of Fiverr International from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Zacks Research raised Fiverr International from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Weiss Ratings raised Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 9th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $19.30.

Institutional Investors Weigh In On Fiverr International

Large investors have recently modified their holdings of the stock. Invenomic Capital Management LP purchased a new position in shares of Fiverr International during the 3rd quarter valued at $15,194,000. Whetstone Capital Advisors LLC bought a new stake in Fiverr International in the 4th quarter valued at about $2,497,000. Hussman Strategic Advisors Inc. bought a new stake in Fiverr International in the 4th quarter valued at about $830,000. Engine Capital Management LP lifted its holdings in Fiverr International by 20.3% during the fourth quarter. Engine Capital Management LP now owns 750,424 shares of the company’s stock valued at $14,828,000 after purchasing an additional 126,701 shares during the last quarter. Finally, Sparta 24 Ltd. bought a new position in Fiverr International during the first quarter worth about $9,410,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Fiverr International Company Profile

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.