Engine Capital Management LP Increases Stake in Fiverr International Ltd. (NYSE:FVRR)

Engine Capital Management LP lifted its stake in shares of Fiverr International Ltd. (NYSE:FVRR - Free Report) by 2.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 814,294 shares of the company's stock after buying an additional 21,144 shares during the quarter. Fiverr International comprises approximately 3.6% of Engine Capital Management LP's investment portfolio, making the stock its 10th largest holding. Engine Capital Management LP owned about 2.11% of Fiverr International worth $19,079,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vima LLC acquired a new position in Fiverr International during the 4th quarter worth approximately $86,000. Van ECK Associates Corp grew its position in Fiverr International by 18.4% in the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company's stock valued at $332,000 after purchasing an additional 2,208 shares during the period. Swedbank AB bought a new stake in Fiverr International during the 1st quarter valued at $400,000. California State Teachers Retirement System raised its holdings in 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 during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Fiverr International by 21.5% in the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company's stock valued at $870,000 after buying an additional 7,307 shares in the last quarter. Institutional investors own 59.00% of the company's stock.

Fiverr International Price Performance

Shares of Fiverr International stock traded up $1.23 on Tuesday, hitting $26.18. 451,508 shares of the company traded hands, compared to its average volume of 863,791. Fiverr International Ltd. has a 12-month low of $18.83 and a 12-month high of $31.61. The firm's 50-day simple moving average is $24.35 and its 200 day simple moving average is $23.13. The company has a market cap of $1.01 billion, a P/E ratio of 119.00 and a beta of 1.70. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 1.44.

Fiverr International (NYSE:FVRR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. Fiverr International had a net margin of 3.17% and a return on equity of 5.67%. The business had revenue of $94.66 million for the quarter, compared to analysts' expectations of $94.69 million. Analysts expect that Fiverr International Ltd. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FVRR has been the subject of several recent research reports. Needham & Company LLC reissued a "buy" rating and set a $36.00 target price on shares of Fiverr International in a research report on Wednesday, July 31st. Roth Mkm restated a "buy" rating and issued a $32.00 target price (up previously from $30.00) on shares of Fiverr International in a report on Thursday, August 1st. The Goldman Sachs Group decreased 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. Finally, UBS Group cut Fiverr International from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $37.00 to $25.00 in a research note on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $31.30.

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.