Engine Capital Management LP Reduces Stock Position in Fiverr International $FVRR

Key Points

• Engine Capital Management LP significantly reduced its stake in Fiverr International by 97.9%, selling over 1.17 million shares during the first quarter and now holding only 25,291 shares, valued at approximately $599,000.
• Despite the decrease from Engine Capital Management, other investment firms like Arkadios Wealth Advisors and Jump Financial LLC have increased their holdings in Fiverr, indicating mixed institutional sentiment.
• Fiverr reported earnings per share (EPS) of $0.69 for the last quarter, which was below the consensus estimate of $0.72, although revenue grew by 14.7% year-over-year to $108.65 million.

Engine Capital Management LP cut its holdings in shares of Fiverr International (NYSE:FVRR - Free Report) by 97.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,291 shares of the company's stock after selling 1,179,025 shares during the period. Fiverr International accounts for approximately 0.1% of Engine Capital Management LP's holdings, making the stock its 29th biggest holding. Engine Capital Management LP owned about 0.07% of Fiverr International worth $599,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its holdings in Fiverr International by 53.3% in the first 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 during the last quarter. Millennium Management LLC increased its holdings in shares of Fiverr International by 169.9% in the fourth quarter. Millennium Management LLC now owns 305,886 shares of the company's stock worth $9,706,000 after acquiring an additional 192,534 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Fiverr International by 7.3% in the first quarter. Arkadios Wealth Advisors now owns 147,895 shares of the company's stock worth $3,502,000 after acquiring an additional 10,022 shares in the last quarter. Jump Financial LLC increased its holdings in shares of Fiverr International by 29.8% in the first quarter. Jump Financial LLC now owns 104,839 shares of the company's stock worth $2,483,000 after acquiring an additional 24,085 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Fiverr International by 60.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 42,336 shares of the company's stock worth $1,343,000 after acquiring an additional 15,951 shares in the last quarter. Institutional investors own 59.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Royal Bank Of Canada lowered their price target on Fiverr International from $35.00 to $28.00 and set a "sector perform" rating for the company in a report on Thursday, July 31st. JPMorgan Chase & Co. upgraded Fiverr International from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $32.00 to $30.00 in a report on Thursday, July 31st. Wall Street Zen downgraded Fiverr International from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 29th. Needham & Company LLC decreased their price objective on Fiverr International from $36.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Finally, Citigroup decreased their price objective on Fiverr International from $40.00 to $33.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Fiverr International currently has a consensus rating of "Moderate Buy" and an average price target of $33.13.

Fiverr International Stock Performance

Shares of NYSE FVRR traded down $0.44 during trading hours on Tuesday, reaching $23.77. 323,178 shares of the stock were exchanged, compared to its average volume of 716,051. The stock's fifty day simple moving average is $24.56 and its 200 day simple moving average is $26.68. Fiverr International has a 52 week low of $20.83 and a 52 week high of $36.11. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $851.92 million, a price-to-earnings ratio of 49.52 and a beta of 1.35.

Fiverr International (NYSE:FVRR - Get Free Report) last released 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). Fiverr International had a net margin of 4.34% and a return on equity of 11.87%. The firm had revenue of $108.65 million for the quarter, compared to analyst estimates of $107.75 million. During the same period last year, the business earned $0.58 EPS. The company's revenue was up 14.7% compared to the same quarter last year. Fiverr International has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts predict that Fiverr International will post 1.04 EPS for the current year.

Fiverr International Company 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.