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

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

A number of other institutional investors and hedge funds also recently modified their holdings of FVRR. Public Employees Retirement System of Ohio bought a new stake in shares of Fiverr International in the 3rd quarter valued at about $683,000. Shaker Investments LLC OH bought a new stake in shares of Fiverr International in the 3rd quarter valued at about $552,000. Engine Capital Management LP increased its stake in shares of Fiverr International by 2.7% in the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock valued at $19,079,000 after acquiring an additional 21,144 shares during the last quarter. Finally, Huntington National Bank increased its stake in shares of Fiverr International by 35,200.0% in the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company’s stock valued at $27,000 after acquiring an additional 1,056 shares during the last quarter. 59.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Fiverr International Price Performance

Shares of FVRR opened at $31.83 on Friday. The stock has a market capitalization of $1.23 billion, a P/E ratio of 122.43 and a beta of 1.69. Fiverr International Ltd. has a twelve month low of $18.83 and a twelve month high of $36.11. The company has a 50 day moving average of $32.14 and a 200-day moving average of $26.95. 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 (NYSE:FVRR) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09. The company had revenue of $99.63 million during the quarter, compared to analysts’ expectations of $96.37 million. Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. As a group, equities research analysts forecast that Fiverr International Ltd. will post 0.51 EPS for the current fiscal year.

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.