Amundi Has $114,000 Holdings in Fiverr International Ltd. (NYSE:FVRR)

Amundi trimmed its position in Fiverr International Ltd. (NYSE:FVRR - Free Report) by 93.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,575 shares of the company's stock after selling 48,583 shares during the period. Amundi's holdings in Fiverr International were worth $114,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FVRR. Jones Financial Companies Lllp grew its stake in Fiverr International by 134.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company's stock valued at $33,000 after acquiring an additional 592 shares during the period. SBI Securities Co. Ltd. bought a new stake in Fiverr International during the 4th quarter worth approximately $57,000. Public Employees Retirement System of Ohio acquired a new stake in Fiverr International during the 3rd quarter worth approximately $683,000. Geode Capital Management LLC lifted its stake in Fiverr International by 12.6% in the third quarter. Geode Capital Management LLC now owns 26,472 shares of the company's stock valued at $685,000 after buying an additional 2,961 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of Fiverr International by 5.9% in the fourth quarter. New York State Common Retirement Fund now owns 24,824 shares of the company's stock valued at $788,000 after buying an additional 1,382 shares during the period. Institutional investors own 59.00% of the company's stock.

Fiverr International Stock Down 1.7 %

Shares of Fiverr International stock traded down $0.45 on Wednesday, reaching $26.05. 290,727 shares of the company were exchanged, compared to its average volume of 770,270. The company has a market capitalization of $933.63 million, a price-to-earnings ratio of 55.42 and a beta of 1.93. The company has a current ratio of 1.10, a quick ratio of 2.99 and a debt-to-equity ratio of 0.06. Fiverr International Ltd. has a one year low of $18.83 and a one year high of $36.11. The company has a 50-day moving average of $29.05 and a 200 day moving average of $28.91.

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Fiverr International declared that its board has authorized a stock repurchase program on Tuesday, March 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 10.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

FVRR has been the topic of a number of research analyst reports. JMP Securities lowered shares of Fiverr International from an "outperform" rating to a "market perform" rating in a report on Thursday, February 20th. Needham & Company LLC restated a "buy" rating and issued a $36.00 price target on shares of Fiverr International in a report on Wednesday, February 19th. Scotiabank assumed coverage on Fiverr International in a research report on Wednesday, March 12th. They set a "sector outperform" rating and a $31.00 price objective for the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $35.00 target price on shares of Fiverr International in a research report on Thursday, February 20th. Finally, UBS Group upped their price target on Fiverr International from $31.00 to $32.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Fiverr International currently has a consensus rating of "Moderate Buy" and an average price target of $34.22.

Fiverr International Company Profile

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.