Huntington National Bank Acquires 1,056 Shares of Fiverr International Ltd. (NYSE:FVRR)

Huntington National Bank lifted its stake in Fiverr International Ltd. (NYSE:FVRR) by 35,200.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,059 shares of the company’s stock after purchasing an additional 1,056 shares during the period. Huntington National Bank’s holdings in Fiverr International were worth $27,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in Fiverr International by 18.4% in the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after acquiring an additional 2,208 shares in the last quarter. Swedbank AB bought a new position in Fiverr International in the first quarter worth approximately $400,000. Shaker Investments LLC OH purchased a new position in Fiverr International during the 3rd quarter worth $552,000. California State Teachers Retirement System raised its position in Fiverr International by 9.5% during the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock valued at $749,000 after purchasing an additional 3,095 shares in the last quarter. Finally, ARK Investment Management LLC lifted its holdings in shares of Fiverr International by 27.1% in the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock worth $2,568,000 after buying an additional 23,335 shares during the period. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Fiverr International Stock Up 1.8 %

Shares of FVRR stock opened at $30.34 on Wednesday. The stock’s fifty day moving average price is $25.70 and its 200 day moving average price is $24.53. Fiverr International Ltd. has a 1-year low of $18.83 and a 1-year high of $32.68. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 116.70 and a beta of 1.68. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.99 and a quick ratio of 2.99.

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 analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $99.63 million for the quarter, compared to analyst estimates of $96.37 million. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. On average, research analysts expect that Fiverr International Ltd. will post 0.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on FVRR shares. Roth Mkm restated a “buy” rating and issued a $32.00 price objective (up from $30.00) on shares of Fiverr International in a report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and issued a $36.00 price target on shares of Fiverr International in a report on Wednesday, October 30th. JMP Securities increased their price objective on shares of Fiverr International from $32.00 to $36.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. BTIG Research downgraded shares of Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group lowered their target price on Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.60.

Fiverr International 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.