Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Stake in Fiverr International $FVRR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in Fiverr International (NYSE:FVRR) by 99.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,069 shares of the company’s stock after selling 12,570,000 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.11% of Fiverr International worth $812,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FVRR. Invenomic Capital Management LP purchased a new stake in Fiverr International in the 3rd quarter valued at about $15,194,000. Ameriprise Financial Inc. increased its stake in Fiverr International by 26.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company’s stock valued at $65,666,000 after buying an additional 566,636 shares during the last quarter. UBS Group AG increased its stake in Fiverr International by 155.2% in the 3rd quarter. UBS Group AG now owns 366,141 shares of the company’s stock valued at $8,938,000 after buying an additional 222,667 shares during the last quarter. Bank of America Corp DE increased its stake in Fiverr International by 104.8% in the 3rd quarter. Bank of America Corp DE now owns 296,399 shares of the company’s stock valued at $7,235,000 after buying an additional 151,664 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in Fiverr International in the 2nd quarter valued at about $2,543,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on FVRR. Roth Mkm lowered shares of Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research note on Thursday, February 19th. Needham & Company LLC restated a “hold” rating on shares of Fiverr International in a research note on Wednesday, February 18th. Wall Street Zen upgraded shares of Fiverr International from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group dropped their price objective on Fiverr International from $25.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Finally, BTIG Research reissued a “neutral” rating on shares of Fiverr International in a report on Monday, March 2nd. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.30.

Fiverr International Price Performance

Shares of NYSE FVRR opened at $10.29 on Wednesday. The stock has a fifty day simple moving average of $10.67 and a two-hundred day simple moving average of $14.20. Fiverr International has a 1-year low of $9.67 and a 1-year high of $32.60. The firm has a market cap of $369.75 million, a price-to-earnings ratio of 13.19 and a beta of 1.41. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.04.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.62 earnings per share for the quarter. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%.The business had revenue of $105.49 million during the quarter. Analysts anticipate that Fiverr International will post 1.15 earnings per share for the current year.

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.