Fiverr International (NYSE:FVRR) CFO Sells $22,080.00 in Stock

Fiverr International (NYSE:FVRR) CFO Dadon Esther Levy sold 2,000 shares of the business’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $11.04, for a total transaction of $22,080.00. Following the transaction, the chief financial officer owned 158,572 shares of the company’s stock, valued at $1,750,634.88. This trade represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fiverr International Trading Up 3.8%

Fiverr International stock opened at $11.68 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.85 and a current ratio of 1.85. Fiverr International has a fifty-two week low of $9.58 and a fifty-two week high of $28.00. The stock has a market cap of $420.00 million, a P/E ratio of 14.98 and a beta of 1.39. The firm’s fifty day moving average price is $10.67 and its 200-day moving average price is $12.31.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.62 earnings per share (EPS) for the quarter. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%.The company had revenue of $105.49 million during the quarter. Equities research analysts forecast that Fiverr International will post 1.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fiverr International

A number of large investors have recently added to or reduced their stakes in FVRR. Invenomic Capital Management LP purchased a new position in shares of Fiverr International in the 3rd quarter worth about $15,194,000. Whetstone Capital Advisors LLC bought a new stake in Fiverr International in the 4th quarter worth approximately $2,497,000. Engine Capital Management LP boosted its stake in Fiverr International by 20.3% in the fourth quarter. Engine Capital Management LP now owns 750,424 shares of the company’s stock worth $14,828,000 after buying an additional 126,701 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in Fiverr International in the fourth quarter worth approximately $830,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Fiverr International during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on FVRR shares. Weiss Ratings raised Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Wall Street Zen raised shares of Fiverr International from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Zacks Research upgraded shares of Fiverr International from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $19.30.

About Fiverr International

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.