Public Employees Retirement System of Ohio Takes Position in Fiverr International Ltd. (NYSE:FVRR)

Public Employees Retirement System of Ohio acquired a new stake in Fiverr International Ltd. (NYSE:FVRR - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 26,385 shares of the company's stock, valued at approximately $683,000. Public Employees Retirement System of Ohio owned about 0.07% of Fiverr International at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FVRR. Huntington National Bank lifted its stake in Fiverr International by 35,200.0% during the third quarter. Huntington National Bank now owns 1,059 shares of the company's stock worth $27,000 after purchasing an additional 1,056 shares during the last quarter. Shaker Investments LLC OH purchased a new stake in shares of Fiverr International during the 3rd quarter worth approximately $552,000. Engine Capital Management LP boosted its holdings in shares of Fiverr International by 2.7% in the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company's stock valued at $19,079,000 after buying an additional 21,144 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of 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 buying an additional 2,208 shares in the last quarter. Finally, ARK Investment Management LLC grew its position in shares of Fiverr International by 27.1% in the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company's stock valued at $2,568,000 after buying an additional 23,335 shares during the last quarter. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Fiverr International Stock Performance

Shares of NYSE:FVRR traded up $0.28 during midday trading on Friday, hitting $32.28. The stock had a trading volume of 417,314 shares, compared to its average volume of 831,311. Fiverr International Ltd. has a 1 year low of $18.83 and a 1 year high of $36.11. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 1.47. The stock has a 50 day moving average price of $29.68 and a two-hundred day moving average price of $25.99. The company has a market capitalization of $1.25 billion, a PE ratio of 124.16 and a beta of 1.69.

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

Analysts Set New Price Targets

FVRR has been the subject of a number of research reports. Citigroup boosted their price target on shares of Fiverr International from $36.00 to $39.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. JMP Securities upped their target price on Fiverr International from $32.00 to $36.00 and gave the company a "market outperform" rating in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a "buy" rating and set a $36.00 price target on shares of Fiverr International in a research report on Wednesday, October 30th. BTIG Research downgraded Fiverr International from a "buy" rating to a "neutral" rating in a report on Monday, November 4th. Finally, UBS Group lifted their target price 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. Five investment 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, Fiverr International currently has an average rating of "Moderate Buy" and an average target price of $32.30.

Fiverr International 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.