Fiverr International $FVRR Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lowered its stake in shares of Fiverr International (NYSE:FVRR) by 12.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 478,282 shares of the company’s stock after selling 66,007 shares during the period. Nordea Investment Management AB owned about 1.33% of Fiverr International worth $9,348,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Ameriprise Financial Inc. boosted its stake in shares of Fiverr International by 26.7% in the third quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company’s stock worth $65,666,000 after buying an additional 566,636 shares during the last quarter. Avory & Company LLC raised its position in Fiverr International by 0.8% during the third quarter. Avory & Company LLC now owns 1,064,005 shares of the company’s stock valued at $25,972,000 after acquiring an additional 8,694 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Fiverr International by 4.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 840,575 shares of the company’s stock valued at $20,518,000 after acquiring an additional 35,841 shares in the last quarter. Invenomic Capital Management LP acquired a new position in Fiverr International in the third quarter valued at approximately $15,194,000. Finally, Analyst IMS Investment Management Services Ltd. lifted its holdings in Fiverr International by 32.0% in the third quarter. Analyst IMS Investment Management Services Ltd. now owns 618,729 shares of the company’s stock valued at $15,104,000 after acquiring an additional 150,000 shares during the period. Institutional investors and hedge funds own 59.00% of the company’s stock.

Fiverr International Stock Up 0.1%

Shares of FVRR opened at $10.04 on Thursday. The firm has a market cap of $360.97 million, a P/E ratio of 17.62 and a beta of 1.32. Fiverr International has a 12 month low of $9.81 and a 12 month high of $34.13. The stock’s 50 day moving average is $13.22 and its two-hundred day moving average is $18.78. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.06.

Fiverr International (NYSE:FVRR) last announced its earnings results on Wednesday, February 18th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.10. Fiverr International had a return on equity of 16.58% and a net margin of 4.87%.The business had revenue of $107.17 million during the quarter, compared to the consensus estimate of $108.98 million. During the same period in the prior year, the company posted $0.64 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts predict that Fiverr International will post 1.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FVRR shares. The Goldman Sachs Group dropped their price objective on shares of Fiverr International from $44.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Roth Mkm cut shares of Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a research note on Thursday, February 19th. Citigroup reissued a “neutral” rating and set a $15.00 price target (down from $33.00) on shares of Fiverr International in a report on Thursday, February 19th. Zacks Research lowered shares of Fiverr International from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Fiverr International in a report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $19.30.

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.