Millennium Management LLC Cuts Stake in Fiverr International Ltd. (NYSE:FVRR)

Millennium Management LLC reduced its stake in Fiverr International Ltd. (NYSE:FVRR) by 63.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 197,929 shares of the company’s stock after selling 346,960 shares during the quarter. Millennium Management LLC owned 0.51% of Fiverr International worth $4,637,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Engine Capital Management LP lifted its holdings in Fiverr International by 2.7% during the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock valued at $19,079,000 after purchasing an additional 21,144 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of Fiverr International by 28.0% in the first quarter. Arkadios Wealth Advisors now owns 117,105 shares of the company’s stock worth $2,467,000 after purchasing an additional 25,613 shares during the last quarter. ARK Investment Management LLC increased its position in shares of Fiverr International by 27.1% in the second quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock worth $2,568,000 after purchasing an additional 23,335 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Fiverr International by 21.5% in the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock worth $870,000 after buying an additional 7,307 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in Fiverr International by 9.5% in the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after buying an additional 3,095 shares in the last quarter. 59.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Roth Mkm reissued a “buy” rating and set a $32.00 price objective (up previously from $30.00) on shares of Fiverr International in a research note on Thursday, August 1st. The Goldman Sachs Group decreased their price objective on Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price objective on shares of Fiverr International in a report on Wednesday, July 31st. Finally, UBS Group cut shares of Fiverr International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $37.00 to $25.00 in a report on Tuesday, July 2nd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Fiverr International presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.30.

Fiverr International Trading Up 2.7 %

FVRR opened at $23.62 on Friday. The firm has a market cap of $913.01 million, a price-to-earnings ratio of 107.36 and a beta of 1.71. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 1.44. Fiverr International Ltd. has a 12 month low of $18.83 and a 12 month high of $31.61. The stock has a fifty day moving average price of $24.69 and a 200-day moving average price of $23.34.

Fiverr International (NYSE:FVRR) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. Fiverr International had a return on equity of 5.67% and a net margin of 3.17%. The firm had revenue of $94.66 million during the quarter, compared to analyst estimates of $94.69 million. As a group, equities research analysts anticipate that Fiverr International Ltd. will post 0.57 earnings per share for the current fiscal year.

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.