Geode Capital Management LLC Has $685,000 Stock Position in Fiverr International Ltd. (NYSE:FVRR)

Geode Capital Management LLC lifted its position in Fiverr International Ltd. (NYSE:FVRR) by 12.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,472 shares of the company’s stock after buying an additional 2,961 shares during the quarter. Geode Capital Management LLC owned about 0.07% of Fiverr International worth $685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FVRR. Huntington National Bank increased its position in Fiverr International by 35,200.0% during the third quarter. Huntington National Bank now owns 1,059 shares of the company’s stock worth $27,000 after acquiring an additional 1,056 shares during the period. Shaker Investments LLC OH bought a new position in Fiverr International during the third quarter worth $552,000. Public Employees Retirement System of Ohio bought a new position in Fiverr International during the third quarter worth $683,000. Finally, Engine Capital Management LP increased its position in Fiverr International by 2.7% during the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after acquiring an additional 21,144 shares during the period. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Fiverr International Stock Down 0.6 %

Shares of NYSE FVRR opened at $31.83 on Friday. The firm’s 50-day simple moving average is $32.14 and its 200 day simple moving average is $26.95. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 122.43 and a beta of 1.69. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 1.47. Fiverr International Ltd. has a 12-month low of $18.83 and a 12-month high of $36.11.

Fiverr International (NYSE:FVRR) last released its earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. The company had revenue of $99.63 million for the quarter, compared to the consensus estimate of $96.37 million. On average, research analysts expect that Fiverr International Ltd. will post 0.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

FVRR has been the topic of a number of research reports. JMP Securities boosted their target price on shares of Fiverr International from $32.00 to $36.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. UBS Group boosted their price target on shares of Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. BTIG Research lowered shares of Fiverr International from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Needham & Company LLC reissued a “buy” rating and issued a $36.00 price target on shares of Fiverr International in a report on Wednesday, October 30th. Finally, Citigroup boosted their price target on shares of Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Fiverr International has an average rating of “Moderate Buy” and an average target price of $32.30.

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.