Fiverr International (NYSE:FVRR) Shares Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors grew its holdings in Fiverr International (NYSE:FVRR) by 7.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,895 shares of the company’s stock after buying an additional 10,022 shares during the quarter. Arkadios Wealth Advisors’ holdings in Fiverr International were worth $3,502,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Huntington National Bank boosted its stake in Fiverr International by 38.3% during the fourth quarter. Huntington National Bank now owns 1,465 shares of the company’s stock worth $46,000 after buying an additional 406 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Fiverr International in the 4th quarter valued at about $187,000. Legato Capital Management LLC acquired a new stake in shares of Fiverr International during the 1st quarter worth about $516,000. Public Employees Retirement System of Ohio raised its position in shares of Fiverr International by 60.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 42,336 shares of the company’s stock worth $1,343,000 after acquiring an additional 15,951 shares in the last quarter. Finally, Jump Financial LLC grew its stake in Fiverr International by 594.7% during the 4th quarter. Jump Financial LLC now owns 80,754 shares of the company’s stock worth $2,562,000 after buying an additional 69,129 shares during the last quarter. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on Fiverr International from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 target price on shares of Fiverr International in a research note on Thursday, May 8th. Scotiabank lifted their target price on Fiverr International from $31.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on Fiverr International from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Finally, Wall Street Zen cut Fiverr International from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 29th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.00.

Fiverr International Trading Down 11.6%

NYSE:FVRR opened at $22.11 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.20. Fiverr International has a one year low of $20.83 and a one year high of $36.11. The business’s 50-day simple moving average is $29.27 and its 200 day simple moving average is $28.44. The stock has a market cap of $792.42 million, a price-to-earnings ratio of 47.04 and a beta of 1.54.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). The company had revenue of $108.65 million for the quarter, compared to analyst estimates of $107.75 million. Fiverr International had a return on equity of 10.28% and a net margin of 4.51%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 earnings per share. As a group, sell-side analysts predict that Fiverr International will post 1.04 earnings per share for the current fiscal 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.