Investment House LLC Cuts Stock Position in Fiverr International $FVRR

Investment House LLC lessened its position in Fiverr International (NYSE:FVRR) by 73.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 76,675 shares of the company’s stock after selling 215,605 shares during the quarter. Investment House LLC’s holdings in Fiverr International were worth $1,515,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FVRR. Strategic Advocates LLC purchased a new stake in shares of Fiverr International in the 3rd quarter valued at $26,000. Tower Research Capital LLC TRC increased its holdings in Fiverr International by 4,392.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the company’s stock worth $90,000 after purchasing an additional 2,987 shares during the period. Fox Run Management L.L.C. purchased a new stake in Fiverr International during the 3rd quarter worth about $215,000. Dark Forest Capital Management LP purchased a new stake in Fiverr International during the 3rd quarter worth about $220,000. Finally, Thrivent Financial for Lutherans purchased a new stake in Fiverr International during the 3rd quarter worth about $241,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on FVRR shares. Zacks Research upgraded Fiverr International from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Wall Street Zen downgraded Fiverr International from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Citigroup restated 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. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 price target (down from $30.00) on shares of Fiverr International in a report on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.30.

Fiverr International Trading Down 0.9%

NYSE:FVRR opened at $10.62 on Wednesday. The stock has a 50-day simple moving average of $10.59 and a 200-day simple moving average of $15.33. The stock has a market cap of $381.86 million, a P/E ratio of 13.62 and a beta of 1.43. Fiverr International has a 1 year low of $9.67 and a 1 year high of $34.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.85 and a current ratio of 1.85.

Fiverr International (NYSE:FVRR) last released its quarterly earnings data 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%. As a group, analysts anticipate that Fiverr International will post 1.15 earnings per share for the current fiscal year.

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.