Fiverr International $FVRR Shares Purchased by Engine Capital Management LP

Engine Capital Management LP boosted its holdings in Fiverr International (NYSE:FVRR) by 20.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 750,424 shares of the company’s stock after buying an additional 126,701 shares during the quarter. Fiverr International accounts for about 2.0% of Engine Capital Management LP’s investment portfolio, making the stock its 12th largest position. Engine Capital Management LP’s holdings in Fiverr International were worth $14,828,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Invenomic Capital Management LP acquired a new position in Fiverr International in the third quarter worth approximately $15,194,000. Hussman Strategic Advisors Inc. acquired a new position in Fiverr International in the fourth quarter worth approximately $830,000. Whetstone Capital Advisors LLC acquired a new position in Fiverr International in the fourth quarter worth approximately $2,497,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Fiverr International by 4.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,003 shares of the company’s stock worth $366,000 after buying an additional 672 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in Fiverr International during the 3rd quarter worth approximately $220,000. Institutional investors and hedge funds own 59.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Roth Mkm cut shares of Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a research report on Thursday, February 19th. Weiss Ratings upgraded shares of Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 5th. The Goldman Sachs Group lowered their price objective on shares of Fiverr International from $44.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Wall Street Zen upgraded shares of Fiverr International from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, UBS Group lowered their price objective on shares of Fiverr International from $25.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $19.30.

Fiverr International Trading Down 2.1%

Shares of NYSE:FVRR opened at $9.67 on Thursday. The firm has a fifty day moving average of $10.65 and a two-hundred day moving average of $13.76. The firm has a market capitalization of $347.56 million, a P/E ratio of 12.39 and a beta of 1.41. Fiverr International has a 12-month low of $9.58 and a 12-month high of $30.66. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.04.

Fiverr International (NYSE:FVRR) last issued its earnings results on Tuesday, March 31st. The company reported $0.62 earnings per share (EPS) for the quarter. The company 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%. On average, equities analysts expect that Fiverr International will post 1.15 EPS 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.