Analyst IMS Investment Management Services Ltd. Acquires 150,000 Shares of Fiverr International $FVRR

Analyst IMS Investment Management Services Ltd. boosted its holdings in Fiverr International (NYSE:FVRR) by 32.0% in the third quarter, Holdings Channel reports. The firm owned 618,729 shares of the company’s stock after purchasing an additional 150,000 shares during the quarter. Fiverr International comprises about 0.5% of Analyst IMS Investment Management Services Ltd.’s holdings, making the stock its 25th biggest position. Analyst IMS Investment Management Services Ltd.’s holdings in Fiverr International were worth $15,104,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Fiverr International by 188.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 804,734 shares of the company’s stock valued at $23,603,000 after acquiring an additional 526,060 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Fiverr International by 13.5% during the second quarter. Ameriprise Financial Inc. now owns 2,123,511 shares of the company’s stock valued at $62,283,000 after purchasing an additional 253,033 shares during the last quarter. Acadian Asset Management LLC grew its stake in Fiverr International by 18.9% in the second quarter. Acadian Asset Management LLC now owns 1,380,046 shares of the company’s stock valued at $40,450,000 after purchasing an additional 219,743 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Fiverr International by 16.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,077,797 shares of the company’s stock worth $31,612,000 after purchasing an additional 149,125 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Fiverr International during the 2nd quarter worth approximately $2,543,000. 59.00% of the stock is owned by institutional investors.

Fiverr International Trading Down 0.3%

Shares of FVRR stock opened at $19.69 on Tuesday. Fiverr International has a 12-month low of $19.35 and a 12-month high of $35.45. The firm has a 50 day moving average price of $21.14 and a two-hundred day moving average price of $23.61. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $705.83 million, a PE ratio of 33.38 and a beta of 1.28.

Fiverr International (NYSE:FVRR) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.07. Fiverr International had a return on equity of 13.53% and a net margin of 5.23%.The business had revenue of $107.90 million during the quarter, compared to analysts’ expectations of $107.88 million. During the same period last year, the firm posted $0.64 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, analysts predict that Fiverr International will post 1.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FVRR. BTIG Research upgraded shares of Fiverr International from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Friday, September 19th. Needham & Company LLC restated a “buy” rating and set a $32.00 price objective on shares of Fiverr International in a research note on Tuesday, September 16th. Zacks Research upgraded shares of Fiverr International from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Oppenheimer lowered their price target on Fiverr International from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 16th. Finally, Weiss Ratings assumed coverage on Fiverr International in a research report on Saturday, November 1st. They issued a “sell (d+)” rating for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $32.60.

Fiverr International Company Profile

Fiverr International Ltd. operates an online marketplace that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.

Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.