ARK Investment Management LLC Increases Stock Position in Fiverr International $FVRR

ARK Investment Management LLC grew its position in Fiverr International (NYSE:FVRR - Free Report) by 20.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,906 shares of the company's stock after purchasing an additional 11,224 shares during the period. ARK Investment Management LLC owned about 0.19% of Fiverr International worth $1,962,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FVRR. Ameriprise Financial Inc. grew its position in Fiverr International by 53.3% during the first quarter. Ameriprise Financial Inc. now owns 1,870,478 shares of the company's stock valued at $44,293,000 after buying an additional 650,672 shares during the period. Millennium Management LLC grew its position in Fiverr International by 20.9% during the first quarter. Millennium Management LLC now owns 369,714 shares of the company's stock valued at $8,755,000 after buying an additional 63,828 shares during the period. BloombergSen Inc. grew its position in Fiverr International by 142.4% during the second quarter. BloombergSen Inc. now owns 96,252 shares of the company's stock valued at $2,823,000 after buying an additional 56,538 shares during the period. Jump Financial LLC boosted its position in Fiverr International by 29.8% during the first quarter. Jump Financial LLC now owns 104,839 shares of the company's stock worth $2,483,000 after purchasing an additional 24,085 shares during the period. Finally, Legato Capital Management LLC bought a new position in Fiverr International during the first quarter worth about $516,000. Hedge funds and other institutional investors own 59.00% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on FVRR. Oppenheimer cut their target price on shares of Fiverr International from $35.00 to $30.00 and set an "outperform" rating for the company in a research report on Tuesday, September 16th. BTIG Research upgraded shares of Fiverr International from a "neutral" rating to a "buy" rating and set a $31.00 target price for the company in a research report on Friday, September 19th. JPMorgan Chase & Co. upgraded shares of Fiverr International from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $32.00 to $30.00 in a research report on Thursday, July 31st. Royal Bank Of Canada cut their target price on shares of Fiverr International from $35.00 to $28.00 and set a "sector perform" rating for the company in a research report on Thursday, July 31st. Finally, Zacks Research upgraded shares of Fiverr International from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.60.

Fiverr International Trading Down 2.3%

Shares of FVRR opened at $22.60 on Thursday. The firm's 50 day simple moving average is $23.60 and its 200 day simple moving average is $26.31. The company has a market capitalization of $809.91 million, a P/E ratio of 47.08 and a beta of 1.45. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.32 and a quick ratio of 1.32. Fiverr International has a 1-year low of $20.83 and a 1-year high of $36.11.

Fiverr International (NYSE:FVRR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.03). The company had revenue of $108.65 million during the quarter, compared to analysts' expectations of $107.75 million. Fiverr International had a net margin of 4.34% and a return on equity of 11.87%. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 earnings per share. Fiverr International has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts forecast that Fiverr International will post 1.04 earnings per share for the current fiscal year.

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.

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