Fiverr International $FVRR Shares Sold by Chevy Chase Trust Holdings LLC

Key Points

• Chevy Chase Trust Holdings LLC has reduced its stake in Fiverr International by 45.0%, now owning 1.44% of the company, valued at approximately $15.1 million.
• Analysts have mixed opinions on Fiverr, with BTIG Research upgrading the stock to a "buy" rating while others have lowered their price targets, resulting in a consensus rating of "Moderate Buy" with an average price target of $32.60.
• Fiverr reported a 14.7% year-over-year increase in revenue, reaching $108.65 million for the quarter, but missed EPS estimates, indicating potential volatility in earnings expectations.

Chevy Chase Trust Holdings LLC reduced its stake in Fiverr International (NYSE:FVRR - Free Report) by 45.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 515,388 shares of the company's stock after selling 422,261 shares during the period. Chevy Chase Trust Holdings LLC owned 1.44% of Fiverr International worth $15,116,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake 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 acquiring an additional 650,672 shares during the period. Jump Financial LLC boosted its stake in Fiverr International by 29.8% in the first quarter. Jump Financial LLC now owns 104,839 shares of the company's stock valued at $2,483,000 after acquiring an additional 24,085 shares during the period. Legato Capital Management LLC acquired a new position in Fiverr International in the first quarter valued at approximately $516,000. Accurate Wealth Management LLC boosted its stake in Fiverr International by 9.8% in the second quarter. Accurate Wealth Management LLC now owns 128,576 shares of the company's stock valued at $3,540,000 after acquiring an additional 11,463 shares during the period. Finally, Quantbot Technologies LP boosted its stake in Fiverr International by 5,825.9% in the first quarter. Quantbot Technologies LP now owns 11,911 shares of the company's stock valued at $282,000 after acquiring an additional 11,710 shares during the period. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. BTIG Research upgraded Fiverr International from a "neutral" rating to a "buy" rating and set a $31.00 price objective for the company in a research report on Friday, September 19th. JPMorgan Chase & Co. upgraded Fiverr International from a "neutral" rating to an "overweight" rating and reduced their price objective for the stock from $32.00 to $30.00 in a research report on Thursday, July 31st. Royal Bank Of Canada reduced their price objective on 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. Oppenheimer reduced their price objective on Fiverr International from $35.00 to $30.00 and set an "outperform" rating for the company in a research report on Tuesday, September 16th. Finally, UBS Group reduced their price objective on Fiverr International from $32.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.60.

Fiverr International Price Performance

Shares of NYSE:FVRR opened at $21.88 on Friday. Fiverr International has a 12 month low of $20.83 and a 12 month high of $36.11. The stock has a market cap of $784.27 million, a price-to-earnings ratio of 45.58 and a beta of 1.45. The stock's 50 day moving average price is $23.54 and its 200 day moving average price is $26.33. 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 (NYSE:FVRR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.03). Fiverr International had a return on equity of 11.87% and a net margin of 4.34%.The firm had revenue of $108.65 million for the quarter, compared to the consensus estimate of $107.75 million. During the same period in the previous year, the firm earned $0.58 EPS. Fiverr International's revenue for the quarter was up 14.7% on a year-over-year basis. Fiverr International has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate 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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