Hussman Strategic Advisors Inc. Takes $830,000 Position in Fiverr International $FVRR

Hussman Strategic Advisors Inc. bought a new stake in shares of Fiverr International (NYSE:FVRR) in the fourth quarter, Holdings Channel.com reports. The fund bought 42,000 shares of the company’s stock, valued at approximately $830,000.

A number of other large investors have also recently made changes to their positions in FVRR. Strategic Advocates LLC purchased a new stake in shares of Fiverr International during the third quarter valued at $26,000. Tower Research Capital LLC TRC boosted its stake in shares of Fiverr International by 4,392.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the company’s stock valued at $90,000 after purchasing an additional 2,987 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Fiverr International during the third quarter valued at $215,000. Dark Forest Capital Management LP purchased a new stake in shares of Fiverr International during the third quarter valued at $220,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of Fiverr International during the third quarter valued at $241,000. 59.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FVRR shares. BTIG Research reissued a “neutral” rating on shares of Fiverr International in a research note on Monday, March 2nd. Zacks Research upgraded Fiverr International from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Fiverr International in a report on Thursday, January 29th. Citigroup restated a “neutral” rating and issued a $15.00 price objective (down from $33.00) on shares of Fiverr International in a report on Thursday, February 19th. Finally, Wall Street Zen downgraded Fiverr International from a “buy” rating to a “hold” rating in a report on Saturday. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $19.30.

Fiverr International Stock Performance

FVRR stock opened at $12.21 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 1.85. The business has a 50-day moving average price of $10.61 and a 200 day moving average price of $16.25. The company has a market capitalization of $439.09 million, a P/E ratio of 15.66 and a beta of 1.43. Fiverr International has a 1-year low of $9.67 and a 1-year high of $34.13.

Fiverr International (NYSE:FVRR) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.62 earnings per share for the quarter. The firm had revenue of $105.49 million during the quarter. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%. As a group, equities research analysts forecast that Fiverr International will post 1.39 EPS for the current fiscal year.

Fiverr International 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.