Invenomic Capital Management LP Sells 144,539 Shares of Fiverr International $FVRR

Invenomic Capital Management LP cut its holdings in Fiverr International (NYSE:FVRR) by 23.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 477,892 shares of the company’s stock after selling 144,539 shares during the period. Invenomic Capital Management LP’s holdings in Fiverr International were worth $9,443,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FVRR. Ameriprise Financial Inc. grew its holdings in shares of Fiverr International by 26.7% in the third quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company’s stock valued at $65,666,000 after acquiring an additional 566,636 shares in the last quarter. UBS Group AG grew its holdings in shares of Fiverr International by 155.2% in the third quarter. UBS Group AG now owns 366,141 shares of the company’s stock valued at $8,938,000 after acquiring an additional 222,667 shares in the last quarter. Maverick Capital Ltd. bought a new position in shares of Fiverr International in the fourth quarter valued at approximately $3,993,000. Bank of America Corp DE grew its holdings in shares of Fiverr International by 104.8% in the third quarter. Bank of America Corp DE now owns 296,399 shares of the company’s stock valued at $7,235,000 after acquiring an additional 151,664 shares in the last quarter. Finally, Engine Capital Management LP grew its holdings in shares of Fiverr International by 20.3% in the fourth quarter. Engine Capital Management LP now owns 750,424 shares of the company’s stock valued at $14,828,000 after acquiring an additional 126,701 shares in the last quarter. 59.00% of the stock is owned by institutional investors.

Fiverr International Price Performance

Fiverr International stock opened at $9.67 on Thursday. Fiverr International has a 12 month low of $9.58 and a 12 month high of $30.66. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.04. The business’s 50 day simple moving average is $10.65 and its 200 day simple moving average is $13.76. The company has a market cap of $347.56 million, a price-to-earnings ratio of 12.39 and a beta of 1.41.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.62 EPS for the quarter. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%.The business had revenue of $105.49 million for the quarter. Sell-side analysts forecast that Fiverr International will post 1.15 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FVRR shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Fiverr International in a report on Wednesday, February 18th. Weiss Ratings raised Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, June 5th. Roth Mkm lowered Fiverr International from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a report on Thursday, February 19th. Zacks Research downgraded Fiverr International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Finally, BTIG Research reiterated a “neutral” rating on shares of Fiverr International in a research note on Monday, March 2nd. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.30.

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.