Ameriprise Financial Inc. Grows Holdings in Fiverr International Ltd. (NYSE:FVRR)

Ameriprise Financial Inc. lifted its position in shares of Fiverr International Ltd. (NYSE:FVRR - Free Report) by 22.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,219,806 shares of the company's stock after purchasing an additional 219,957 shares during the period. Ameriprise Financial Inc. owned 3.16% of Fiverr International worth $38,704,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Jump Financial LLC raised its position in Fiverr International by 594.7% in the fourth quarter. Jump Financial LLC now owns 80,754 shares of the company's stock worth $2,562,000 after acquiring an additional 69,129 shares during the period. New York State Common Retirement Fund raised its position in Fiverr International by 5.9% in the fourth quarter. New York State Common Retirement Fund now owns 24,824 shares of the company's stock worth $788,000 after acquiring an additional 1,382 shares during the period. Arkadios Wealth Advisors raised its position in Fiverr International by 22.0% in the fourth quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company's stock worth $4,375,000 after acquiring an additional 24,839 shares during the period. Pier Capital LLC bought a new stake in Fiverr International in the fourth quarter worth about $8,674,000. Finally, Jones Financial Companies Lllp raised its position in Fiverr International by 134.9% in the fourth quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company's stock worth $33,000 after acquiring an additional 592 shares during the period. 59.00% of the stock is owned by institutional investors.

Fiverr International Trading Up 1.5%

NYSE:FVRR traded up $0.47 during midday trading on Friday, reaching $32.16. 444,544 shares of the stock traded hands, compared to its average volume of 708,887. The company has a fifty day moving average of $26.15 and a 200 day moving average of $29.39. Fiverr International Ltd. has a 12 month low of $20.78 and a 12 month high of $36.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.99 and a current ratio of 1.10. The stock has a market capitalization of $1.15 billion, a P/E ratio of 68.43 and a beta of 1.67.

Fiverr International announced that its board has approved a share buyback plan on Tuesday, March 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 10.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FVRR shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $35.00 target price on shares of Fiverr International in a research note on Thursday, February 20th. JPMorgan Chase & Co. lifted their target price on shares of Fiverr International from $27.00 to $32.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $36.00 price objective on shares of Fiverr International in a research note on Thursday, May 8th. The Goldman Sachs Group boosted their price objective on shares of Fiverr International from $41.00 to $47.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, JMP Securities cut shares of Fiverr International from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $35.89.

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.