L & S Advisors Inc Purchases 520 Shares of Fiverr International Ltd. (NYSE:FVRR)

L & S Advisors Inc increased its stake in Fiverr International Ltd. (NYSE:FVRR) by 33.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,070 shares of the company’s stock after buying an additional 520 shares during the quarter. L & S Advisors Inc’s holdings in Fiverr International were worth $502,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. XR Securities LLC bought a new stake in Fiverr International in the second quarter worth $201,000. Handelsbanken Fonder AB bought a new stake in Fiverr International in the second quarter worth $1,803,000. Triumph Capital Management bought a new stake in Fiverr International in the second quarter worth $477,000. Sigma Planning Corp bought a new stake in Fiverr International in the first quarter worth $210,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Fiverr International by 20,200.0% during the second quarter. First Horizon Advisors Inc. now owns 203 shares of the company’s stock worth $48,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 47.21% of the company’s stock.

Shares of Fiverr International stock opened at $202.98 on Friday. The stock’s fifty day moving average price is $195.91 and its 200-day moving average price is $207.26. Fiverr International Ltd. has a 12 month low of $126.50 and a 12 month high of $336.00. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 1.09. The firm has a market cap of $7.27 billion, a P/E ratio of -184.53 and a beta of 1.93.

Fiverr International (NYSE:FVRR) last posted its earnings results on Thursday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.31. Fiverr International had a negative return on equity of 5.01% and a negative net margin of 15.76%. The company had revenue of $75.30 million for the quarter, compared to analyst estimates of $74.82 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 59.9% compared to the same quarter last year. Analysts forecast that Fiverr International Ltd. will post -1.39 earnings per share for the current year.

FVRR has been the subject of several research analyst reports. Needham & Company LLC decreased their target price on Fiverr International from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, August 6th. JMP Securities decreased their target price on Fiverr International from $300.00 to $225.00 and set an “outperform” rating for the company in a research report on Friday, August 6th. Zacks Investment Research downgraded Fiverr International from a “hold” rating to a “strong sell” rating in a research report on Monday, August 16th. The Goldman Sachs Group decreased their target price on Fiverr International from $296.00 to $257.00 and set a “buy” rating for the company in a research report on Friday, August 6th. Finally, Royal Bank of Canada decreased their target price on Fiverr International from $235.00 to $200.00 and set an “outperform” rating for the company in a research report on Friday, August 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $237.45.

About Fiverr International

Fiverr International Ltd. develops an e-commerce platform that allows the people to buy and sell digital services. It operates through the following geographical segments: U.S., Europe, Asia Pacific, Rest of the World, and Israel. The firm offers digital marketing, graphics and design, video and animation, writing and translation, and music and audio.

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Institutional Ownership by Quarter for Fiverr International (NYSE:FVRR)

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