Fiverr International Ltd. (NYSE:FVRR) Stake Lessened by ARK Investment Management LLC

ARK Investment Management LLC trimmed its position in shares of Fiverr International Ltd. (NYSE:FVRR - Free Report) by 20.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,822 shares of the company's stock after selling 22,764 shares during the period. ARK Investment Management LLC owned approximately 0.22% of Fiverr International worth $2,246,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in Fiverr International by 21.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company's stock valued at $870,000 after purchasing an additional 7,307 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Fiverr International by 9.5% during the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company's stock worth $749,000 after buying an additional 3,095 shares in the last quarter. Swedbank AB bought a new stake in shares of Fiverr International in the first quarter worth $400,000. Van ECK Associates Corp raised its holdings in Fiverr International by 18.4% in the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company's stock valued at $332,000 after acquiring an additional 2,208 shares in the last quarter. Finally, Engine Capital Management LP boosted its stake in Fiverr International by 2.7% during the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company's stock valued at $19,079,000 after acquiring an additional 21,144 shares during the last quarter. Hedge funds and other institutional investors own 59.00% of the company's stock.

Fiverr International Stock Performance

Shares of FVRR stock traded up $0.12 during trading hours on Friday, reaching $29.67. The stock had a trading volume of 1,512,468 shares, compared to its average volume of 938,664. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.99 and a quick ratio of 2.99. The firm has a 50-day simple moving average of $24.99 and a 200-day simple moving average of $24.05. The firm has a market capitalization of $1.15 billion, a PE ratio of 114.12 and a beta of 1.68. Fiverr International Ltd. has a twelve month low of $18.83 and a twelve month high of $32.68.

Fiverr International (NYSE:FVRR - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.09. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. The company had revenue of $99.63 million for the quarter, compared to analysts' expectations of $96.37 million. As a group, equities analysts forecast that Fiverr International Ltd. will post 0.51 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FVRR. Needham & Company LLC restated a "buy" rating and issued a $36.00 target price on shares of Fiverr International in a research note on Wednesday, October 30th. Citigroup increased their target price on Fiverr International from $36.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. The Goldman Sachs Group lowered their price target on Fiverr International from $44.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, August 1st. JMP Securities lifted their price objective on shares of Fiverr International from $32.00 to $36.00 and gave the stock a "market outperform" rating in a report on Thursday, October 31st. Finally, BTIG Research cut shares of Fiverr International from a "buy" rating to a "neutral" rating in a report on Monday, November 4th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Fiverr International presently has a consensus rating of "Moderate Buy" and an average target price of $31.60.

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.