ARK Investment Management LLC Purchases 23,335 Shares of Fiverr International Ltd. (NYSE:FVRR)

ARK Investment Management LLC boosted its holdings in shares of Fiverr International Ltd. (NYSE:FVRR) by 27.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 109,586 shares of the company’s stock after buying an additional 23,335 shares during the period. ARK Investment Management LLC owned approximately 0.28% of Fiverr International worth $2,568,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FVRR. Swedbank AB purchased a new stake in Fiverr International during the first quarter valued at about $400,000. California State Teachers Retirement System grew its position in Fiverr International by 9.5% during the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock valued at $749,000 after acquiring an additional 3,095 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Fiverr International by 21.5% during the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock worth $870,000 after acquiring an additional 7,307 shares in the last quarter. Arkadios Wealth Advisors raised its position in Fiverr International by 28.0% in the 1st 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 period. Finally, Vima LLC bought a new position in shares of Fiverr International during the fourth quarter valued at about $86,000. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

Fiverr International Stock Down 1.5 %

NYSE:FVRR traded down $0.39 during mid-day trading on Tuesday, hitting $26.34. 288,303 shares of the company’s stock were exchanged, compared to its average volume of 911,630. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.08 and a quick ratio of 3.08. The business has a fifty day moving average price of $23.51 and a 200 day moving average price of $23.18. Fiverr International Ltd. has a one year low of $18.83 and a one year high of $31.61. The company has a market cap of $1.02 billion, a PE ratio of 119.27 and a beta of 1.71.

Fiverr International (NYSE:FVRR) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. Fiverr International had a return on equity of 5.56% and a net margin of 3.17%. The business had revenue of $94.66 million for the quarter, compared to analysts’ expectations of $94.69 million. Equities analysts predict that Fiverr International Ltd. will post 0.45 EPS for the current year.

Wall Street Analyst Weigh In

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

About Fiverr International

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.