Engine Capital Management LP Boosts Holdings in Fiverr International $FVRR

Engine Capital Management LP boosted its holdings in Fiverr International (NYSE:FVRR) by 78.4% in the 1st quarter, HoldingsChannel reports. The firm owned 1,338,644 shares of the company’s stock after purchasing an additional 588,220 shares during the quarter. Fiverr International makes up approximately 1.6% of Engine Capital Management LP’s portfolio, making the stock its 16th largest holding. Engine Capital Management LP’s holdings in Fiverr International were worth $13,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Sparta 24 Ltd. purchased a new position in shares of Fiverr International in the first quarter worth $9,410,000. Whetstone Capital Advisors LLC purchased a new position in Fiverr International during the fourth quarter valued at $2,497,000. Hussman Strategic Advisors Inc. purchased a new position in Fiverr International during the fourth quarter valued at $830,000. Eagle Global Advisors LLC bought a new stake in Fiverr International in the 4th quarter valued at $593,000. Finally, Dark Forest Capital Management LP bought a new stake in Fiverr International in the 3rd quarter valued at $220,000. 59.00% of the stock is owned by hedge funds and other institutional investors.

Fiverr International Stock Up 5.7%

NYSE FVRR opened at $11.06 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $397.50 million, a P/E ratio of 14.18 and a beta of 1.39. Fiverr International has a one year low of $9.58 and a one year high of $28.00. The stock has a 50 day moving average price of $10.68 and a 200-day moving average price of $11.88.

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

Wall Street Analysts Forecast Growth

FVRR has been the topic of several research analyst reports. Zacks Research upgraded shares of Fiverr International from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen upgraded Fiverr International from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, Weiss Ratings raised Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus 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.