Fiverr International Ltd. (NYSE:FVRR) is Engine Capital Management LP's 5th Largest Position

Engine Capital Management LP boosted its stake in shares of Fiverr International Ltd. (NYSE:FVRR - Free Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,204,316 shares of the company's stock after acquiring an additional 27,003 shares during the quarter. Fiverr International comprises about 7.0% of Engine Capital Management LP's investment portfolio, making the stock its 5th biggest position. Engine Capital Management LP owned 3.12% of Fiverr International worth $38,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Jump Financial LLC increased its position in shares of Fiverr International by 594.7% during the fourth quarter. Jump Financial LLC now owns 80,754 shares of the company's stock worth $2,562,000 after purchasing an additional 69,129 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Fiverr International by 5.9% during the fourth quarter. New York State Common Retirement Fund now owns 24,824 shares of the company's stock worth $788,000 after purchasing an additional 1,382 shares in the last quarter. Arkadios Wealth Advisors increased its position in shares of Fiverr International by 22.0% during the fourth quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company's stock worth $4,375,000 after purchasing an additional 24,839 shares in the last quarter. Pier Capital LLC acquired a new position in shares of Fiverr International during the fourth quarter worth $8,674,000. Finally, Jones Financial Companies Lllp increased its position in shares of Fiverr International by 134.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company's stock worth $33,000 after purchasing an additional 592 shares in the last quarter. Hedge funds and other institutional investors own 59.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FVRR. The Goldman Sachs Group upped their target price on Fiverr International from $41.00 to $47.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. upped their target price on Fiverr International from $27.00 to $32.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Scotiabank upped their target price on Fiverr International from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research report on Thursday, May 8th. Citizens Jmp downgraded Fiverr International from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, JMP Securities downgraded Fiverr International from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $35.89.

Fiverr International Trading Down 1.0%

Shares of NYSE FVRR traded down $0.34 during midday trading on Wednesday, reaching $32.06. 493,411 shares of the stock were exchanged, compared to its average volume of 714,677. The company has a 50 day simple moving average of $25.76 and a 200 day simple moving average of $29.27. The stock has a market capitalization of $1.15 billion, a P/E ratio of 68.21 and a beta of 1.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.99 and a current ratio of 1.10. Fiverr International Ltd. has a twelve month low of $20.78 and a twelve month high of $36.11.

Fiverr International declared that its board has approved a stock buyback program on Tuesday, March 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 10.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

About Fiverr International

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.