Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 12,570,000 Shares of Fiverr International $FVRR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in Fiverr International (NYSE:FVRR) by 99.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,069 shares of the company’s stock after selling 12,570,000 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Fiverr International were worth $812,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FVRR. Millennium Management LLC boosted its holdings in shares of Fiverr International by 20.9% in the first quarter. Millennium Management LLC now owns 369,714 shares of the company’s stock worth $8,755,000 after acquiring an additional 63,828 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Fiverr International by 4.5% in the second quarter. Geode Capital Management LLC now owns 25,817 shares of the company’s stock worth $756,000 after acquiring an additional 1,112 shares during the period. Legal & General Group Plc boosted its holdings in shares of Fiverr International by 11.5% in the second quarter. Legal & General Group Plc now owns 33,271 shares of the company’s stock worth $976,000 after acquiring an additional 3,437 shares during the period. Norges Bank bought a new position in shares of Fiverr International in the second quarter worth $995,000. Finally, First Trust Advisors LP bought a new position in shares of Fiverr International in the second quarter worth $627,000. 59.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FVRR shares. Zacks Research lowered Fiverr International from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. UBS Group cut their price target on Fiverr International from $25.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Royal Bank Of Canada cut their price target on Fiverr International from $28.00 to $16.00 and set a “sector perform” rating for the company in a report on Wednesday, February 18th. BTIG Research restated a “neutral” rating on shares of Fiverr International in a research report on Monday, March 2nd. Finally, Citigroup restated a “neutral” rating and set a $15.00 price target (down from $33.00) on shares of Fiverr International in a research report on Thursday, February 19th. 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 stock. According to data from MarketBeat, Fiverr International has an average rating of “Hold” and an average price target of $19.30.

Fiverr International Stock Up 0.3%

FVRR opened at $10.29 on Wednesday. The company has a fifty day moving average price of $10.67 and a 200-day moving average price of $14.20. The firm has a market capitalization of $369.75 million, a P/E ratio of 13.19 and a beta of 1.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 1.85. Fiverr International has a one year low of $9.67 and a one year high of $32.60.

Fiverr International (NYSE:FVRR) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.62 EPS for the quarter. The firm had revenue of $105.49 million during the quarter. Fiverr International had a net margin of 6.70% and a return on equity of 17.22%. Equities research analysts expect 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.