Fiverr International Ltd. (NYSE:FVRR) Shares Acquired by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. increased its position in Fiverr International Ltd. (NYSE:FVRR) by 144.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 862,955 shares of the company’s stock after purchasing an additional 510,000 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Fiverr International were worth $23,490,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Captrust Financial Advisors boosted its stake in Fiverr International by 30.6% in the second quarter. Captrust Financial Advisors now owns 1,612 shares of the company’s stock valued at $55,000 after acquiring an additional 378 shares during the period. Geode Capital Management LLC raised its holdings in shares of Fiverr International by 2.2% during the first quarter. Geode Capital Management LLC now owns 24,850 shares of the company’s stock valued at $868,000 after buying an additional 525 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Fiverr International by 6.8% during the third quarter. Van ECK Associates Corp now owns 10,449 shares of the company’s stock valued at $256,000 after buying an additional 665 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Fiverr International by 3.1% during the third quarter. California State Teachers Retirement System now owns 35,176 shares of the company’s stock valued at $1,076,000 after buying an additional 1,059 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in shares of Fiverr International by 134.4% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,517 shares of the company’s stock valued at $62,000 after buying an additional 1,443 shares during the last quarter. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Fiverr International Price Performance

Fiverr International stock traded down $0.16 during trading hours on Wednesday, hitting $20.32. 347,299 shares of the stock were exchanged, compared to its average volume of 993,078. Fiverr International Ltd. has a 12 month low of $18.83 and a 12 month high of $37.18. The business’s 50-day moving average is $23.09 and its two-hundred day moving average is $24.52. The stock has a market capitalization of $785.37 million, a P/E ratio of 227.56 and a beta of 1.71. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.89 and a current ratio of 2.89.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.04. Fiverr International had a net margin of 1.02% and a return on equity of 3.71%. The firm had revenue of $91.50 million for the quarter, compared to analyst estimates of $97.00 million. During the same period in the previous year, the business earned ($0.19) EPS. The company’s revenue was up 10.1% compared to the same quarter last year. Equities research analysts expect that Fiverr International Ltd. will post 0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FVRR shares. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price target on shares of Fiverr International in a report on Tuesday, January 30th. JPMorgan Chase & Co. lowered their price objective on shares of Fiverr International from $35.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. Citigroup lowered their price target on shares of Fiverr International from $37.00 to $32.00 and set a “buy” rating on the stock 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. Finally, The Goldman Sachs Group raised shares of Fiverr International from a “neutral” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Friday, January 19th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Fiverr International currently has an average rating of “Moderate Buy” and an average target price of $35.82.

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.