Jump Financial LLC Buys 66,078 Shares of Fiverr International $FVRR

Jump Financial LLC grew its stake in shares of Fiverr International (NYSE:FVRR) by 63.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 170,917 shares of the company’s stock after buying an additional 66,078 shares during the quarter. Jump Financial LLC’s holdings in Fiverr International were worth $5,013,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in Fiverr International by 4.5% in the second quarter. Geode Capital Management LLC now owns 25,817 shares of the company’s stock valued at $756,000 after acquiring an additional 1,112 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Fiverr International by 7.4% during the second quarter. State of New Jersey Common Pension Fund D now owns 16,752 shares of the company’s stock worth $491,000 after purchasing an additional 1,157 shares during the last quarter. Assetmark Inc. purchased a new position in shares of Fiverr International in the 2nd quarter worth about $41,000. Legal & General Group Plc boosted its holdings in shares of Fiverr International by 11.5% in the 2nd quarter. Legal & General Group Plc now owns 33,271 shares of the company’s stock worth $976,000 after purchasing an additional 3,437 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Fiverr International by 20.7% during the 2nd quarter. New York State Common Retirement Fund now owns 29,973 shares of the company’s stock valued at $879,000 after purchasing an additional 5,149 shares during the last quarter. 59.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Weiss Ratings initiated coverage on Fiverr International in a report on Saturday, November 1st. They set a “sell (d+)” rating on the stock. Zacks Research upgraded shares of Fiverr International from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. BTIG Research raised shares of Fiverr International from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Friday, September 19th. Oppenheimer lowered their price objective on shares of Fiverr International from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, September 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $32.00 target price on shares of Fiverr International in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.60.

Fiverr International Stock Performance

Shares of FVRR stock opened at $21.93 on Wednesday. The company has a market capitalization of $785.79 million, a P/E ratio of 37.16 and a beta of 1.28. Fiverr International has a fifty-two week low of $19.35 and a fifty-two week high of $35.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a 50 day moving average price of $21.95 and a two-hundred day moving average price of $24.83.

Fiverr International (NYSE:FVRR) last issued its earnings results on Wednesday, November 5th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. Fiverr International had a net margin of 5.23% and a return on equity of 13.53%. The firm had revenue of $107.90 million for the quarter, compared to analysts’ expectations of $107.88 million. During the same quarter last year, the business earned $0.64 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Analysts expect that Fiverr International will post 1.04 earnings per share for the current year.

About Fiverr International

Fiverr International Ltd. operates an online marketplace worldwide. Its platform enables sellers to sell their services and buyers to buy them. The company's platform includes various categories in ten verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and tech, business, data, lifestyle, and photography.