Whetstone Capital Advisors LLC Buys New Stake in Fiverr International $FVRR

Whetstone Capital Advisors LLC bought a new stake in shares of Fiverr International (NYSE:FVRR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 126,391 shares of the company’s stock, valued at approximately $2,497,000. Fiverr International comprises approximately 0.8% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC lifted its position in Fiverr International by 2.5% during the second quarter. Tidal Investments LLC now owns 25,420 shares of the company’s stock valued at $746,000 after acquiring an additional 614 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Fiverr International by 4.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,003 shares of the company’s stock valued at $366,000 after acquiring an additional 672 shares during the last quarter. Strategic Advocates LLC purchased a new stake in Fiverr International during the third quarter valued at approximately $26,000. Geode Capital Management LLC lifted its position in Fiverr International by 4.5% during the second quarter. Geode Capital Management LLC now owns 25,817 shares of the company’s stock valued at $756,000 after acquiring an additional 1,112 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in Fiverr International by 586.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,493 shares of the company’s stock valued at $49,000 after acquiring an additional 2,130 shares during the last quarter. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FVRR shares. Weiss Ratings raised shares of Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 5th. BTIG Research reissued a “neutral” rating on shares of Fiverr International in a research report on Monday, March 2nd. Royal Bank Of Canada decreased their target price on shares of Fiverr International from $28.00 to $16.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 18th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $15.00 target price (down from $30.00) on shares of Fiverr International in a research report on Thursday, February 19th. Finally, Zacks Research cut shares of Fiverr International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Fiverr International has a consensus rating of “Hold” and an average target price of $19.30.

Fiverr International Trading Up 0.2%

NYSE FVRR opened at $9.98 on Monday. The company has a fifty day simple moving average of $10.67 and a two-hundred day simple moving average of $13.99. The stock has a market cap of $358.82 million, a P/E ratio of 12.80 and a beta of 1.41. Fiverr International has a 12-month low of $9.66 and a 12-month high of $30.66. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.04.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $105.49 million during the quarter. Fiverr International had a net margin of 6.70% and a return on equity of 17.22%. On average, analysts forecast that Fiverr International will post 1.15 earnings per share for the current year.

Fiverr International Company 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.