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 Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 478,282 shares of the company’s stock after selling 66,007 shares during the period. Nordea Investment Management AB’s holdings in Fiverr International were worth $9,348,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Strategic Advocates LLC purchased a new stake in Fiverr International during the 3rd quarter worth approximately $26,000. Tower Research Capital LLC TRC lifted its position in shares of Fiverr International by 4,392.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the company’s stock valued at $90,000 after acquiring an additional 2,987 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Fiverr International in the third quarter valued at approximately $215,000. Dark Forest Capital Management LP acquired a new stake in shares of Fiverr International in the third quarter worth approximately $220,000. Finally, PharVision Advisers LLC acquired a new stake in shares of Fiverr International in the second quarter worth approximately $234,000. 59.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on FVRR. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 price objective (down from $30.00) on shares of Fiverr International in a research note on Thursday, February 19th. Wall Street Zen raised shares of Fiverr International from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Scotiabank dropped their target price on shares of Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating for the company in a report on Thursday, February 19th. UBS Group reduced their target price on shares of Fiverr International from $25.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Finally, Roth Mkm downgraded shares of 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. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.30.

Fiverr International Stock Performance

Shares of Fiverr International stock opened at $10.04 on Thursday. The business’s 50 day moving average price is $13.22 and its 200 day moving average price is $18.78. The company has a market cap of $360.97 million, a price-to-earnings ratio of 17.62 and a beta of 1.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.93 and a current ratio of 1.93. Fiverr International has a one year low of $9.81 and a one year high of $34.13.

Fiverr International (NYSE:FVRR) last issued its earnings results on Wednesday, February 18th. The company reported $0.86 earnings per share (EPS) for the quarter, beating 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 company had revenue of $107.17 million during the quarter, compared to analysts’ expectations of $108.98 million. During the same period in the prior year, the business earned $0.64 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. On average, research analysts predict that Fiverr International will post 1.04 EPS for the current year.

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.