Jones Financial Companies Lllp Increases Stock Holdings in Fiverr International Ltd. (NYSE:FVRR)

Jones Financial Companies Lllp increased its holdings in Fiverr International Ltd. (NYSE:FVRR) by 134.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,031 shares of the company’s stock after acquiring an additional 592 shares during the period. Jones Financial Companies Lllp’s holdings in Fiverr International were worth $33,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. New York State Common Retirement Fund lifted its position in 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 valued at $788,000 after buying an additional 1,382 shares during the period. Arkadios Wealth Advisors lifted its position in Fiverr International by 22.0% during 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 during the period. Geode Capital Management LLC lifted its position in Fiverr International by 12.6% during the third 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. Public Employees Retirement System of Ohio purchased a new position in Fiverr International during the third quarter valued at $683,000. Finally, Huntington National Bank lifted its position in Fiverr International by 35,200.0% during 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 during the period. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Analysts Set New Price Targets

FVRR has been the subject of several recent research reports. Citizens Jmp lowered Fiverr International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $35.00 price target on shares of Fiverr International in a research report on Thursday, February 20th. UBS Group lifted their price target on Fiverr International from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $36.00 price target on shares of Fiverr International in a research report on Wednesday, February 19th. Finally, JMP Securities lowered Fiverr International from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 20th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.22.

Fiverr International Price Performance

NYSE FVRR opened at $25.30 on Thursday. Fiverr International Ltd. has a one year low of $18.83 and a one year high of $36.11. The stock has a 50-day moving average of $29.51 and a 200 day moving average of $28.83. The company has a market capitalization of $906.85 million, a price-to-earnings ratio of 53.83 and a beta of 1.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.99 and a current ratio of 1.10.

Fiverr International announced that its board has approved a stock repurchase program on Tuesday, March 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to purchase up to 10.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.