Engine Capital Management LP Has $38.21 Million Stake in Fiverr International Ltd. (NYSE:FVRR)

Engine Capital Management LP increased its stake in shares of Fiverr International Ltd. (NYSE:FVRR - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,204,316 shares of the company's stock after purchasing an additional 27,003 shares during the quarter. Fiverr International makes up approximately 7.0% of Engine Capital Management LP's holdings, making the stock its 5th largest holding. Engine Capital Management LP owned 3.12% of Fiverr International worth $38,213,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FVRR. Jones Financial Companies Lllp grew its holdings in shares of Fiverr International by 134.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company's stock worth $33,000 after purchasing an additional 592 shares during the period. Huntington National Bank boosted its holdings in Fiverr International by 38.3% in the 4th quarter. Huntington National Bank now owns 1,465 shares of the company's stock worth $46,000 after acquiring an additional 406 shares during the period. SBI Securities Co. Ltd. purchased a new position in Fiverr International in the 4th quarter worth approximately $57,000. KLP Kapitalforvaltning AS purchased a new position in Fiverr International in the 4th quarter worth approximately $187,000. Finally, New York State Common Retirement Fund boosted its holdings in Fiverr International by 5.9% in the 4th 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. Hedge funds and other institutional investors own 59.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. JMP Securities cut Fiverr International from an "outperform" rating to a "market perform" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. upped their price target on Fiverr International from $27.00 to $32.00 and gave the stock a "neutral" rating in a report on Friday. Royal Bank of Canada restated a "sector perform" rating and issued a $35.00 price target on shares of Fiverr International in a report on Thursday, February 20th. Citizens Jmp lowered Fiverr International from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, 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. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $35.89.

Fiverr International Stock Performance

Shares of FVRR stock traded up $1.03 on Monday, hitting $31.77. 689,958 shares of the stock traded hands, compared to its average volume of 721,416. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 2.99. The company has a market capitalization of $1.14 billion, a PE ratio of 67.59 and a beta of 1.67. Fiverr International Ltd. has a 1-year low of $20.78 and a 1-year high of $36.11. The company's fifty day moving average is $25.50 and its 200 day moving average is $29.18.

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

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.