Engine Capital Management LP Purchases 27,003 Shares of Fiverr International Ltd. (NYSE:FVRR)

Engine Capital Management LP increased its holdings in shares of Fiverr International Ltd. (NYSE:FVRR) by 2.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,204,316 shares of the company’s stock after purchasing an additional 27,003 shares during the quarter. Fiverr International accounts for about 7.0% of Engine Capital Management LP’s investment portfolio, making the stock its 5th largest holding. Engine Capital Management LP owned approximately 3.12% of Fiverr International worth $38,213,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its position in Fiverr International by 22.0% during the 4th quarter. Ameriprise Financial Inc. now owns 1,219,806 shares of the company’s stock worth $38,704,000 after purchasing an additional 219,957 shares during the period. Pier Capital LLC purchased a new stake in shares of Fiverr International in the fourth quarter worth about $8,674,000. Arkadios Wealth Advisors grew its stake in shares of Fiverr International by 22.0% in the fourth quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company’s stock valued at $4,375,000 after buying an additional 24,839 shares in the last quarter. Jump Financial LLC raised its holdings in shares of Fiverr International by 594.7% during the 4th quarter. Jump Financial LLC now owns 80,754 shares of the company’s stock valued at $2,562,000 after buying an additional 69,129 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Fiverr International by 12.6% during the 3rd quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock valued at $685,000 after buying an additional 2,961 shares during the period. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Citizens Jmp downgraded shares of Fiverr International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 20th. JMP Securities downgraded shares of Fiverr International from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. cut their price objective on shares of Fiverr International from $33.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Needham & Company LLC restated a “buy” rating and set a $36.00 target price on shares of Fiverr International in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price target on Fiverr International from $41.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Fiverr International presently has an average rating of “Hold” and an average price target of $35.33.

Fiverr International Trading Up 1.3 %

Shares of NYSE FVRR opened at $29.51 on Friday. The company has a quick ratio of 2.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.06. Fiverr International Ltd. has a 52-week low of $20.78 and a 52-week high of $36.11. The stock’s 50 day moving average price is $25.39 and its two-hundred day moving average price is $29.03. The stock has a market capitalization of $1.06 billion, a P/E ratio of 62.80 and a beta of 1.67.

Fiverr International announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 11th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 10.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

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.