Key Points
- Fiverr International CFO Dadon Esther Levy sold 2,000 shares on July 10 at an average price of $11.04, totaling $22,080. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and Levy still owns 158,572 shares.
- Fiverr shares were down about 1.5% and last traded near $11.10, leaving the company with a market cap of roughly $398.9 million. The stock has traded between a 52-week low of $9.58 and high of $28.00.
- Wall Street sentiment remains cautious on FVRR, with an average rating of “Hold” and a consensus price target of $19.30. Recent analyst moves were mixed, including upgrades from Wall Street Zen and Zacks, while institutional ownership remains high at 59%.
Fiverr International (NYSE:FVRR - Get Free Report) CFO Dadon Esther Levy sold 2,000 shares of the company's stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $11.04, for a total transaction of $22,080.00. Following the completion of the sale, the chief financial officer owned 158,572 shares in the company, valued at approximately $1,750,634.88. This trade represents a 1.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Fiverr International Stock Down 1.5%
Shares of Fiverr International stock opened at $11.10 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.04. The firm has a market cap of $398.90 million, a P/E ratio of 14.23 and a beta of 1.39. Fiverr International has a fifty-two week low of $9.58 and a fifty-two week high of $28.00. The business has a 50-day moving average price of $10.67 and a 200 day moving average price of $12.43.
Fiverr International (NYSE:FVRR - Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.62 earnings per share for the quarter. The business had revenue of $105.49 million during the quarter. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%. On average, sell-side analysts forecast that Fiverr International will post 1.24 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have weighed in on FVRR. Zacks Research raised shares of Fiverr International from a "strong sell" rating to a "hold" rating in a report on Monday, June 29th. Wall Street Zen raised shares of Fiverr International from a "hold" rating to a "buy" rating in a research report on Saturday, June 6th. Finally, Weiss Ratings upgraded shares of Fiverr International from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Fiverr International presently has an average rating of "Hold" and a consensus target price of $19.30.
Check Out Our Latest Report on Fiverr International
Hedge Funds Weigh In On Fiverr International
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sparta 24 Ltd. acquired a new stake in Fiverr International in the 1st quarter valued at approximately $9,410,000. Invenomic Capital Management LP acquired a new position in Fiverr International during the 3rd quarter worth $15,194,000. Engine Capital Management LP boosted its position in 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 acquiring an additional 588,220 shares during the period. Ameriprise Financial Inc. grew its stake 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 worth $65,666,000 after purchasing an additional 566,636 shares in the last quarter. Finally, Man Group plc increased its holdings in shares of Fiverr International by 562.3% during the fourth quarter. Man Group plc now owns 279,484 shares of the company's stock valued at $5,523,000 after purchasing an additional 237,284 shares during the period. 59.00% of the stock is owned by institutional investors.
Fiverr International Company Profile
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Get Free Report)
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.
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