Millennium Management LLC raised its stake in shares of Fiverr International Ltd. (NYSE:FVRR - Free Report) by 169.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 305,886 shares of the company's stock after purchasing an additional 192,534 shares during the period. Millennium Management LLC owned 0.79% of Fiverr International worth $9,706,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Engine Capital Management LP lifted its holdings in shares of Fiverr International by 2.3% in the 4th quarter. Engine Capital Management LP now owns 1,204,316 shares of the company's stock valued at $38,213,000 after acquiring an additional 27,003 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Fiverr International by 22.0% in the 4th quarter. Ameriprise Financial Inc. now owns 1,219,806 shares of the company's stock valued at $38,704,000 after acquiring an additional 219,957 shares during the last quarter. Jump Financial LLC lifted its holdings in shares of Fiverr International by 594.7% in the 4th quarter. Jump Financial LLC now owns 80,754 shares of the company's stock valued at $2,562,000 after acquiring an additional 69,129 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Fiverr International by 38.3% in the 4th quarter. Huntington National Bank now owns 1,465 shares of the company's stock valued at $46,000 after acquiring an additional 406 shares during the last quarter. Finally, Pier Capital LLC bought a new position in shares of Fiverr International in the 4th quarter valued at about $8,674,000. Institutional investors own 59.00% of the company's stock.
Fiverr International Stock Performance
Shares of NYSE:FVRR traded down $0.30 on Thursday, hitting $32.42. 85,150 shares of the company were exchanged, compared to its average volume of 680,313. Fiverr International Ltd. has a 1-year low of $20.77 and a 1-year high of $36.11. The stock's 50 day moving average price is $27.27 and its 200 day moving average price is $29.57. The company has a current ratio of 1.10, a quick ratio of 2.99 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.16 billion, a P/E ratio of 68.97 and a beta of 1.67.
Fiverr International announced that its board has approved a stock buyback program on Tuesday, March 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 10.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Citizens Jmp lowered shares of Fiverr International from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Royal Bank of Canada reissued a "sector perform" rating and set a $35.00 price objective on shares of Fiverr International in a report on Thursday, February 20th. The Goldman Sachs Group lifted their price objective on shares of Fiverr International from $41.00 to $47.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and set a $36.00 price objective on shares of Fiverr International in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Fiverr International from $27.00 to $32.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $36.00.
View Our Latest Report on FVRR
Fiverr International Company Profile
(
Free Report)
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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