Public Employees Retirement System of Ohio Raises Stake in Fiverr International Ltd. (NYSE:FVRR)

Public Employees Retirement System of Ohio grew its stake in shares of Fiverr International Ltd. (NYSE:FVRR - Free Report) by 60.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,336 shares of the company's stock after buying an additional 15,951 shares during the period. Public Employees Retirement System of Ohio owned 0.11% of Fiverr International worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of FVRR. Pier Capital LLC bought a new stake in shares of Fiverr International during the fourth quarter valued at approximately $8,674,000. Ameriprise Financial Inc. raised its position in shares of Fiverr International by 22.0% during the fourth quarter. Ameriprise Financial Inc. now owns 1,219,806 shares of the company's stock valued at $38,704,000 after buying an additional 219,957 shares during the last quarter. Millennium Management LLC raised its position in shares of Fiverr International by 169.9% during the fourth quarter. Millennium Management LLC now owns 305,886 shares of the company's stock valued at $9,706,000 after buying an additional 192,534 shares during the last quarter. Jump Financial LLC increased its position in Fiverr International by 594.7% in the fourth quarter. Jump Financial LLC now owns 80,754 shares of the company's stock worth $2,562,000 after purchasing an additional 69,129 shares during the last quarter. Finally, Engine Capital Management LP increased its position in Fiverr International by 2.3% in the fourth quarter. Engine Capital Management LP now owns 1,204,316 shares of the company's stock worth $38,213,000 after purchasing an additional 27,003 shares during the last quarter. Institutional investors own 59.00% of the company's stock.

Fiverr International Trading Up 1.1%

NYSE FVRR traded up $0.35 on Friday, hitting $33.74. 283,076 shares of the stock were exchanged, compared to its average volume of 692,530. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.99 and a current ratio of 1.10. The stock has a fifty day moving average price of $28.37 and a two-hundred day moving average price of $29.75. The firm has a market capitalization of $1.21 billion, a P/E ratio of 71.79 and a beta of 1.67. Fiverr International Ltd. has a 52-week low of $20.78 and a 52-week high of $36.11.

Fiverr International declared that its board has approved a stock repurchase program on Tuesday, March 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 10.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FVRR shares. The Goldman Sachs Group boosted their price target on shares of Fiverr International from $41.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Citigroup boosted their price target on shares of Fiverr International from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Royal Bank of Canada restated a "sector perform" rating and issued a $35.00 price target on shares of Fiverr International in a research report on Thursday, February 20th. Scotiabank boosted their price target on shares of Fiverr International from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a research report on Thursday, May 8th. Finally, JMP Securities cut shares of Fiverr International from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $36.00.

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.