Legal Advantage Investments Inc. lifted its holdings in shares of Fiverr International (NYSE:FVRR – Free Report) by 43.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,800 shares of the company’s stock after purchasing an additional 6,000 shares during the period. Legal Advantage Investments Inc.’s holdings in Fiverr International were worth $581,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its stake in shares of Fiverr International by 53.3% during the 1st quarter. Ameriprise Financial Inc. now owns 1,870,478 shares of the company’s stock worth $44,293,000 after purchasing an additional 650,672 shares during the period. Jump Financial LLC raised its stake in shares of Fiverr International by 29.8% during the 1st quarter. Jump Financial LLC now owns 104,839 shares of the company’s stock worth $2,483,000 after purchasing an additional 24,085 shares during the period. Legato Capital Management LLC bought a new stake in shares of Fiverr International during the 1st quarter worth $516,000. Accurate Wealth Management LLC raised its stake in Fiverr International by 9.8% in the 2nd quarter. Accurate Wealth Management LLC now owns 128,576 shares of the company’s stock valued at $3,540,000 after acquiring an additional 11,463 shares during the period. Finally, Quantbot Technologies LP raised its stake in Fiverr International by 5,825.9% in the 1st quarter. Quantbot Technologies LP now owns 11,911 shares of the company’s stock valued at $282,000 after acquiring an additional 11,710 shares during the period. 59.00% of the stock is currently owned by institutional investors.
Fiverr International Stock Down 2.6%
FVRR stock opened at $22.81 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $817.62 million, a PE ratio of 47.53 and a beta of 1.45. Fiverr International has a twelve month low of $20.83 and a twelve month high of $36.11. The stock has a 50-day simple moving average of $23.51 and a two-hundred day simple moving average of $26.40.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded Fiverr International from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $32.00 to $30.00 in a research note on Thursday, July 31st. Royal Bank Of Canada lowered their price objective on Fiverr International from $35.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 31st. Wall Street Zen cut Fiverr International from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 29th. Needham & Company LLC restated a “buy” rating and issued a $32.00 price objective on shares of Fiverr International in a research note on Tuesday, September 16th. Finally, UBS Group lowered their price objective on Fiverr International from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.60.
Get Our Latest Stock Analysis on Fiverr International
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.
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