Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Fiverr International Ltd. (NYSE:FVRR - Free Report) by 144.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 862,955 shares of the company's stock after purchasing an additional 510,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned about 2.29% of Fiverr International worth $23,490,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Coppell Advisory Solutions LLC acquired a new stake in shares of Fiverr International in the second quarter worth $44,000. Captrust Financial Advisors lifted its stake in Fiverr International by 30.6% in the 2nd quarter. Captrust Financial Advisors now owns 1,612 shares of the company's stock worth $55,000 after acquiring an additional 378 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in Fiverr International by 134.4% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,517 shares of the company's stock worth $62,000 after acquiring an additional 1,443 shares during the period. State of Tennessee Treasury Department purchased a new position in Fiverr International during the 4th quarter valued at about $118,000. Finally, Industrial Alliance Investment Management Inc. acquired a new position in shares of Fiverr International in the 1st quarter valued at about $134,000. Institutional investors and hedge funds own 59.00% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on FVRR shares. JPMorgan Chase & Co. decreased their price target on shares of Fiverr International from $35.00 to $30.00 and set a "neutral" rating for the company in a report on Friday, February 23rd. Piper Sandler cut shares of Fiverr International from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $30.00 to $25.00 in a report on Thursday, February 22nd. The Goldman Sachs Group upgraded Fiverr International from a "neutral" rating to a "buy" rating and set a $43.00 price objective for the company in a report on Friday, January 19th. Needham & Company LLC reissued a "buy" rating and set a $40.00 price objective on shares of Fiverr International in a research report on Thursday, February 22nd. Finally, Royal Bank of Canada dropped their target price on Fiverr International from $30.00 to $26.00 and set a "sector perform" rating on the stock in a research report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.82.
Check Out Our Latest Research Report on Fiverr International
Fiverr International Stock Performance
FVRR stock traded down $0.37 during midday trading on Wednesday, hitting $20.11. 652,700 shares of the company traded hands, compared to its average volume of 997,551. Fiverr International Ltd. has a twelve month low of $18.83 and a twelve month high of $37.18. The stock has a market capitalization of $777.25 million, a price-to-earnings ratio of 225.78 and a beta of 1.71. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.30. The business has a 50 day simple moving average of $23.09 and a 200-day simple moving average of $24.52.
Fiverr International (NYSE:FVRR - Get Free Report) last posted its earnings results on Thursday, February 22nd. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.04. The business had revenue of $91.50 million for the quarter, compared to analyst estimates of $97.00 million. Fiverr International had a net margin of 1.02% and a return on equity of 3.71%. Fiverr International's revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business posted ($0.19) EPS. As a group, equities research analysts predict that Fiverr International Ltd. will post 0.69 earnings per share for the current year.
Fiverr International Company Profile
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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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