Pier Capital LLC Takes $8.67 Million Position in Fiverr International Ltd. (NYSE:FVRR)

Pier Capital LLC acquired a new position in shares of Fiverr International Ltd. (NYSE:FVRR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 273,360 shares of the company's stock, valued at approximately $8,674,000. Pier Capital LLC owned about 0.71% of Fiverr International as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Fiverr International in the third quarter valued at approximately $683,000. Geode Capital Management LLC increased its stake in shares of Fiverr International by 12.6% in the 3rd 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 during the period. Arkadios Wealth Advisors increased its stake in shares of Fiverr International by 22.0% in the 4th quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company's stock valued at $4,375,000 after buying an additional 24,839 shares during the period. New York State Common Retirement Fund raised its position in shares of Fiverr International by 5.9% during the fourth quarter. New York State Common Retirement Fund now owns 24,824 shares of the company's stock worth $788,000 after acquiring an additional 1,382 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Fiverr International by 134.9% during 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. Institutional investors and hedge funds own 59.00% of the company's stock.

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Analyst Ratings Changes

FVRR has been the subject of several recent research reports. Scotiabank began coverage on Fiverr International in a report on Wednesday, March 12th. They set a "sector outperform" rating and a $31.00 price objective for the company. UBS Group increased their price objective on shares of Fiverr International from $31.00 to $32.00 and gave the company a "neutral" rating in a report on Tuesday, December 3rd. 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 reissued a "buy" rating and issued a $36.00 price target on shares of Fiverr International in a research note on Wednesday, February 19th. Finally, Citizens Jmp cut Fiverr International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 20th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $34.22.

Fiverr International Stock Down 3.0 %

Shares of NYSE:FVRR traded down $0.74 during trading on Friday, hitting $24.33. 371,180 shares of the company were exchanged, compared to its average volume of 773,415. The stock has a market cap of $872.05 million, a price-to-earnings ratio of 51.76 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 fifty-two week low of $18.83 and a fifty-two week high of $36.11. The firm has a fifty day moving average price of $28.55 and a two-hundred day moving average price of $28.90.

Fiverr International announced that its Board of Directors has approved a share repurchase plan on Tuesday, March 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 10.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

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.