Invenomic Capital Management LP Has $9.44 Million Stock Position in Fiverr International $FVRR

Invenomic Capital Management LP reduced its position in shares of Fiverr International (NYSE:FVRR) by 23.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 477,892 shares of the company’s stock after selling 144,539 shares during the quarter. Invenomic Capital Management LP owned about 1.33% of Fiverr International worth $9,443,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in Fiverr International by 26.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company’s stock worth $65,666,000 after buying an additional 566,636 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Fiverr International by 4.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 840,575 shares of the company’s stock worth $20,518,000 after buying an additional 35,841 shares during the period. Engine Capital Management LP raised its stake in Fiverr International by 20.3% during the 4th 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 during the period. Goldman Sachs Group Inc. raised its stake in Fiverr International by 12.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 711,254 shares of the company’s stock worth $14,054,000 after buying an additional 76,075 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Fiverr International by 4.3% during the 4th quarter. Renaissance Technologies LLC now owns 580,459 shares of the company’s stock worth $11,470,000 after buying an additional 24,160 shares during the period. 59.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FVRR shares. Weiss Ratings raised Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, June 5th. The Goldman Sachs Group decreased their price objective on Fiverr International from $44.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Royal Bank Of Canada decreased their price objective on Fiverr International from $28.00 to $16.00 and set a “sector perform” rating for the company in a report on Wednesday, February 18th. Scotiabank decreased their price objective on Fiverr International from $34.00 to $16.00 and set a “sector outperform” rating for the company in a report on Thursday, February 19th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Fiverr International in a report on Wednesday, February 18th. Three equities 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.30.

Fiverr International Stock Performance

Shares of FVRR opened at $9.67 on Thursday. 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 stock has a 50 day moving average price of $10.65 and a two-hundred day moving average price of $13.76. The firm has a market capitalization of $347.56 million, a P/E ratio of 12.39 and a beta of 1.41. Fiverr International has a 52 week low of $9.58 and a 52 week high of $30.66.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.62 EPS 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%. Equities analysts forecast that Fiverr International will post 1.15 earnings per share for the current fiscal year.

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.