Wellington Management Group LLP Boosts Holdings in Fiverr International $FVRR

Wellington Management Group LLP boosted its holdings in shares of Fiverr International (NYSE:FVRR) by 16.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,269,405 shares of the company’s stock after acquiring an additional 179,418 shares during the period. Wellington Management Group LLP’s holdings in Fiverr International were worth $13,100,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FVRR. Sparta 24 Ltd. acquired a new stake in shares of Fiverr International in the first quarter valued at approximately $9,410,000. Engine Capital Management LP raised its position in shares of Fiverr International by 78.4% during the 1st quarter. Engine Capital Management LP now owns 1,338,644 shares of the company’s stock worth $13,413,000 after purchasing an additional 588,220 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Fiverr International by 26.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company’s stock worth $65,666,000 after purchasing an additional 566,636 shares during the last quarter. Man Group plc lifted its stake in Fiverr International by 562.3% in the 4th quarter. Man Group plc now owns 279,484 shares of the company’s stock valued at $5,523,000 after buying an additional 237,284 shares in the last quarter. Finally, UBS Group AG lifted its stake in Fiverr International by 155.2% in the 3rd quarter. UBS Group AG now owns 366,141 shares of the company’s stock valued at $8,938,000 after buying an additional 222,667 shares in the last quarter. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FVRR. Scotiabank cut Fiverr International from a “sector outperform” rating to a “sector perform” rating and set a $10.00 target price on the stock. in a report on Thursday, July 30th. UBS Group reduced their price objective on Fiverr International from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Wall Street Zen lowered Fiverr International from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Royal Bank Of Canada dropped their price objective on Fiverr International from $16.00 to $9.00 and set a “sector perform” rating for the company in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $13.00 target price (down from $26.00) on shares of Fiverr International in a research note on Thursday, July 30th. Eleven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $16.25.

Fiverr International Price Performance

FVRR opened at $9.23 on Tuesday. Fiverr International has a 12 month low of $8.60 and a 12 month high of $28.00. The business has a 50-day moving average of $9.98 and a two-hundred day moving average of $10.41. The stock has a market capitalization of $331.82 million, a price-to-earnings ratio of 11.40 and a beta of 1.44.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.50 earnings per share for the quarter. Fiverr International had a net margin of 7.18% and a return on equity of 16.14%. The business had revenue of $97.78 million for the quarter. Equities research analysts anticipate that Fiverr International will post 0.93 earnings per share for the current year.

Fiverr International Company Profile

Fiverr International Ltd. operates an online marketplace that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.

Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.