Jump Financial LLC grew its stake in Fiverr International Ltd. (NYSE:FVRR - Free Report) by 594.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 80,754 shares of the company's stock after buying an additional 69,129 shares during the quarter. Jump Financial LLC owned 0.21% of Fiverr International worth $2,562,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Pier Capital LLC acquired a new stake in shares of Fiverr International during the 4th quarter worth about $8,674,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Fiverr International during the 3rd quarter worth about $683,000. Arkadios Wealth Advisors raised its position in shares of Fiverr International by 22.0% during the 4th quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company's stock worth $4,375,000 after acquiring an additional 24,839 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Fiverr International during the 4th quarter worth about $187,000. Finally, Geode Capital Management LLC raised its position in shares of Fiverr International by 12.6% during the 3rd quarter. Geode Capital Management LLC now owns 26,472 shares of the company's stock worth $685,000 after acquiring an additional 2,961 shares in the last quarter. Hedge funds and other institutional investors own 59.00% of the company's stock.
Fiverr International Stock Performance
Fiverr International stock traded up $0.50 during trading hours on Wednesday, reaching $25.63. 87,702 shares of the stock were exchanged, compared to its average volume of 701,169. The firm's 50 day moving average is $25.75 and its 200 day moving average is $28.75. 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 market cap of $918.68 million, a P/E ratio of 54.53 and a beta of 1.98. Fiverr International Ltd. has a 52-week low of $19.57 and a 52-week high of $36.11.
Fiverr International declared that its Board of Directors has initiated a share buyback plan on Tuesday, March 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 10.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on FVRR shares. Scotiabank assumed coverage on Fiverr International in a research report on Wednesday, March 12th. They set a "sector outperform" rating and a $31.00 target price on the stock. Citizens Jmp cut shares of Fiverr International from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 20th. Needham & Company LLC reiterated a "buy" rating and set a $36.00 price target on shares of Fiverr International in a research note on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price target on shares of Fiverr International from $33.00 to $27.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $35.00 price target on shares of Fiverr International in a research note on Thursday, February 20th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Fiverr International presently has an average rating of "Hold" and a consensus price target of $34.11.
Check Out Our Latest Analysis on Fiverr International
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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