Huntington National Bank Raises Stock Holdings in Fiverr International Ltd. (NYSE:FVRR)

Huntington National Bank boosted its position in shares of Fiverr International Ltd. (NYSE:FVRR) by 35,200.0% in the third quarter, HoldingsChannel.com reports. The fund owned 1,059 shares of the company’s stock after acquiring an additional 1,056 shares during the quarter. Huntington National Bank’s holdings in Fiverr International were worth $27,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Engine Capital Management LP raised its holdings in shares of Fiverr International by 2.7% during the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after purchasing an additional 21,144 shares during the last quarter. ARK Investment Management LLC grew its position in Fiverr International by 27.1% during the 2nd quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock worth $2,568,000 after purchasing an additional 23,335 shares during the period. California State Teachers Retirement System grew 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 worth $749,000 after purchasing an additional 3,095 shares during the period. Shaker Investments LLC OH purchased a new position in shares of Fiverr International during the 3rd quarter valued at about $552,000. Finally, Swedbank AB acquired a new position in shares of Fiverr International in the 1st quarter valued at about $400,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Fiverr International Trading Up 1.8 %

Shares of Fiverr International stock opened at $30.34 on Wednesday. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 1.47. Fiverr International Ltd. has a twelve month low of $18.83 and a twelve month high of $32.68. The firm has a market capitalization of $1.17 billion, a PE ratio of 116.70 and a beta of 1.68. The firm’s 50-day moving average price is $25.70 and its 200 day moving average price is $24.53.

Fiverr International (NYSE:FVRR) last announced its earnings results on Wednesday, October 30th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $99.63 million during the quarter, compared to analysts’ expectations of $96.37 million. Fiverr International had a return on equity of 7.10% and a net margin of 2.67%. On average, sell-side analysts predict that Fiverr International Ltd. will post 0.51 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on FVRR. Roth Mkm reiterated a “buy” rating and set a $32.00 price target (up from $30.00) on shares of Fiverr International in a research report on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price objective on shares of Fiverr International in a research note on Wednesday, October 30th. JMP Securities boosted their target price 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. The Goldman Sachs Group dropped their price target on shares of Fiverr International from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Finally, Citigroup upped their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Fiverr International has a consensus 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.