Fiverr International $FVRR Stake Raised by Engine Capital Management LP

Engine Capital Management LP grew its holdings in shares of Fiverr International (NYSE:FVRR) by 20.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 750,424 shares of the company’s stock after buying an additional 126,701 shares during the period. Fiverr International accounts for about 2.0% of Engine Capital Management LP’s investment portfolio, making the stock its 12th biggest holding. Engine Capital Management LP owned 2.09% of Fiverr International worth $14,828,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Ameriprise Financial Inc. raised its holdings in shares of Fiverr International by 26.7% during the third quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company’s stock valued at $65,666,000 after buying an additional 566,636 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of 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 buying an additional 35,841 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Fiverr International by 12.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 711,254 shares of the company’s stock valued at $14,054,000 after buying an additional 76,075 shares during the last quarter. Invenomic Capital Management LP bought a new stake in shares of Fiverr International during the third quarter valued at approximately $15,194,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Fiverr International by 4.3% during the fourth quarter. Renaissance Technologies LLC now owns 580,459 shares of the company’s stock valued at $11,470,000 after buying an additional 24,160 shares during the last quarter. Institutional investors own 59.00% of the company’s stock.

Fiverr International Price Performance

NYSE FVRR opened at $9.67 on Thursday. Fiverr International has a 12 month low of $9.58 and a 12 month high of $30.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $347.56 million, a PE ratio of 12.39 and a beta of 1.41. The company’s 50 day simple moving average is $10.65 and its 200 day simple moving average is $13.76.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FVRR shares. UBS Group cut their price target on Fiverr International from $25.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Wall Street Zen upgraded shares of Fiverr International from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Scotiabank lowered their price objective on shares of 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. BTIG Research reiterated a “neutral” rating on shares of Fiverr International in a research note on Monday, March 2nd. Finally, Zacks Research lowered shares of Fiverr International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.30.

Fiverr International 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.