Jump Financial LLC grew its position in Fiverr International Ltd. (NYSE:FVRR - Free Report) by 594.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,754 shares of the company's stock after acquiring an additional 69,129 shares during the quarter. Jump Financial LLC owned 0.21% of Fiverr International worth $2,562,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of FVRR. Huntington National Bank boosted its holdings in Fiverr International by 38.3% during the fourth quarter. Huntington National Bank now owns 1,465 shares of the company's stock valued at $46,000 after purchasing an additional 406 shares in the last quarter. Pier Capital LLC bought a new stake in Fiverr International in the fourth quarter valued at $8,674,000. KLP Kapitalforvaltning AS bought a new position in shares of Fiverr International during the fourth quarter valued at $187,000. SBI Securities Co. Ltd. acquired a new stake in shares of Fiverr International in the 4th quarter valued at $57,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Fiverr International by 134.9% in the 4th quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company's stock worth $33,000 after purchasing an additional 592 shares during the last quarter. Institutional investors and hedge funds own 59.00% of the company's stock.
Analyst Upgrades and Downgrades
FVRR has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $35.00 price objective on shares of Fiverr International in a research note on Thursday, February 20th. Citizens Jmp downgraded Fiverr International from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 20th. Scotiabank assumed coverage on shares of Fiverr International in a research note on Wednesday, March 12th. They issued a "sector outperform" rating and a $31.00 target price on the stock. JPMorgan Chase & Co. cut their target price on Fiverr International from $33.00 to $27.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $36.00 price target on shares of Fiverr International in a report on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $34.11.
Get Our Latest Stock Analysis on FVRR
Fiverr International Stock Performance
Shares of FVRR traded down $0.42 during mid-day trading on Monday, hitting $24.21. 295,353 shares of the company's stock were exchanged, compared to its average volume of 739,967. The company has a quick ratio of 2.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.06. The firm has a market cap of $867.78 million, a price-to-earnings ratio of 51.51 and a beta of 1.98. The stock's 50-day simple moving average is $26.07 and its 200-day simple moving average is $28.78. Fiverr International Ltd. has a 52 week low of $19.30 and a 52 week high of $36.11.
Fiverr International declared that its board has initiated a share buyback program on Tuesday, March 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 10.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.
Fiverr International Company Profile
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Free Report)
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.
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