Fiverr International Ltd. (NYSE:FVRR) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors lessened its holdings in shares of Fiverr International Ltd. (NYSE:FVRR) by 1.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 115,836 shares of the company’s stock after selling 1,269 shares during the quarter. Arkadios Wealth Advisors owned 0.30% of Fiverr International worth $2,714,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Van ECK Associates Corp increased its position in Fiverr International by 9.5% during the 4th quarter. Van ECK Associates Corp now owns 11,439 shares of the company’s stock worth $311,000 after purchasing an additional 990 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Fiverr International by 9.5% in the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after acquiring an additional 3,095 shares during the period. Vima LLC purchased a new position in Fiverr International in the 4th quarter worth approximately $86,000. Bullseye Asset Management LLC boosted its holdings in Fiverr International by 10.5% in the 4th quarter. Bullseye Asset Management LLC now owns 40,621 shares of the company’s stock worth $1,106,000 after acquiring an additional 3,861 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Fiverr International by 21.5% in the 1st 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 during the period. Institutional investors and hedge funds own 59.00% of the company’s stock.

Fiverr International Stock Performance

Shares of FVRR stock traded up $0.91 on Thursday, hitting $25.19. 492,502 shares of the stock traded hands, compared to its average volume of 908,355. 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 company has a market capitalization of $973.69 million, a PE ratio of 115.05 and a beta of 1.71. Fiverr International Ltd. has a 1-year low of $18.83 and a 1-year high of $31.61. The company’s fifty day moving average is $23.60 and its 200 day moving average is $23.16.

Fiverr International (NYSE:FVRR) last issued its earnings results on Wednesday, July 31st. The company reported $0.13 earnings per share for the quarter, topping 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 firm had revenue of $94.66 million for the quarter, compared to analyst estimates of $94.69 million. On average, equities research analysts predict that Fiverr International Ltd. will post 0.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on FVRR. The Goldman Sachs Group decreased their price target 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 set a $36.00 target price on shares of Fiverr International in a research note on Wednesday, July 31st. UBS Group cut Fiverr International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $37.00 to $25.00 in a research note on Tuesday, July 2nd. Finally, Roth Mkm reiterated a “buy” rating and set a $32.00 target price (up from $30.00) on shares of Fiverr International in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Fiverr International has an average rating of “Moderate Buy” and a consensus price target 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.