Fiverr International $FVRR Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors trimmed its position in Fiverr International (NYSE:FVRR) by 10.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,179 shares of the company’s stock after selling 15,716 shares during the period. Arkadios Wealth Advisors’ holdings in Fiverr International were worth $3,877,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its holdings in Fiverr International by 53.3% in the 1st quarter. Ameriprise Financial Inc. now owns 1,870,478 shares of the company’s stock valued at $44,293,000 after purchasing an additional 650,672 shares in the last quarter. Analyst IMS Investment Management Services Ltd. lifted its holdings in Fiverr International by 19.0% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 468,729 shares of the company’s stock valued at $13,748,000 after purchasing an additional 75,000 shares in the last quarter. Millennium Management LLC lifted its holdings in Fiverr International by 20.9% in the 1st quarter. Millennium Management LLC now owns 369,714 shares of the company’s stock valued at $8,755,000 after purchasing an additional 63,828 shares in the last quarter. Accurate Wealth Management LLC lifted its holdings in Fiverr International by 9.8% in the 2nd quarter. Accurate Wealth Management LLC now owns 128,576 shares of the company’s stock valued at $3,540,000 after purchasing an additional 11,463 shares in the last quarter. Finally, Jump Financial LLC lifted its holdings in Fiverr International by 29.8% in the 1st quarter. Jump Financial LLC now owns 104,839 shares of the company’s stock valued at $2,483,000 after purchasing an additional 24,085 shares in the last quarter. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

Fiverr International Trading Down 3.3%

Shares of FVRR stock opened at $22.81 on Thursday. The firm has a market cap of $817.58 million, a P/E ratio of 47.53 and a beta of 1.45. Fiverr International has a 1-year low of $20.83 and a 1-year high of $36.11. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.32 and a quick ratio of 1.32. The firm’s 50-day simple moving average is $23.64 and its 200-day simple moving average is $26.30.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.03). The company had revenue of $108.65 million for the quarter, compared to analysts’ expectations of $107.75 million. Fiverr International had a return on equity of 11.87% and a net margin of 4.34%.The company’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 earnings per share. As a group, equities analysts forecast that Fiverr International will post 1.04 EPS for the current year.

Wall Street Analysts Forecast Growth

FVRR has been the topic of a number of recent research reports. Citigroup reduced their target price on shares of Fiverr International from $40.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. JPMorgan Chase & Co. upgraded shares of Fiverr International from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $32.00 to $30.00 in a report on Thursday, July 31st. BTIG Research upgraded shares of Fiverr International from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Friday, September 19th. Needham & Company LLC reiterated a “buy” rating and set a $32.00 price objective on shares of Fiverr International in a report on Tuesday, September 16th. Finally, Oppenheimer cut their price objective on shares of Fiverr International from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.60.

Fiverr International Profile

Fiverr International Ltd. operates an online marketplace worldwide. Its platform enables sellers to sell their services and buyers to buy them. The company's platform includes various categories in ten verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and tech, business, data, lifestyle, and photography.