ARK Investment Management LLC Lowers Stock Position in Fiverr International Ltd. (NYSE:FVRR)

ARK Investment Management LLC cut its stake in shares of Fiverr International Ltd. (NYSE:FVRR) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,949 shares of the company’s stock after selling 6,873 shares during the period. ARK Investment Management LLC owned approximately 0.21% of Fiverr International worth $2,537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Huntington National Bank grew its stake in shares of Fiverr International by 35,200.0% in the third quarter. Huntington National Bank now owns 1,059 shares of the company’s stock valued at $27,000 after buying an additional 1,056 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Fiverr International during the 3rd quarter valued at about $683,000. Geode Capital Management LLC grew its position in Fiverr International by 12.6% in the 3rd quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock valued at $685,000 after acquiring an additional 2,961 shares in the last quarter. Arkadios Wealth Advisors increased its stake in Fiverr International by 22.0% during the fourth quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company’s stock worth $4,375,000 after purchasing an additional 24,839 shares during the period. Finally, New York State Common Retirement Fund lifted its position in shares of Fiverr International by 5.9% during the fourth quarter. New York State Common Retirement Fund now owns 24,824 shares of the company’s stock worth $788,000 after purchasing an additional 1,382 shares in the last quarter. 59.00% of the stock is owned by hedge funds and other institutional investors.

Fiverr International Stock Up 1.7 %

FVRR stock opened at $26.21 on Thursday. Fiverr International Ltd. has a 12 month low of $18.83 and a 12 month high of $36.11. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 2.99. The company has a market cap of $939.47 million, a price-to-earnings ratio of 55.77 and a beta of 1.69. The company has a fifty day moving average price of $31.56 and a 200 day moving average price of $28.78.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FVRR. Citigroup lifted their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a report 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. JMP Securities lowered Fiverr International from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 20th. Citizens Jmp lowered Fiverr International from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $35.00 target price on shares of Fiverr International in a research note on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.63.

Fiverr International Company 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.