Amundi Trims Holdings in Fiverr International Ltd. (NYSE:FVRR)

Amundi lowered its stake in shares of Fiverr International Ltd. (NYSE:FVRR) by 93.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,575 shares of the company’s stock after selling 48,583 shares during the period. Amundi’s holdings in Fiverr International were worth $114,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its position in Fiverr International by 134.9% in the 4th quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company’s stock valued at $33,000 after acquiring an additional 592 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Fiverr International during the fourth quarter worth about $57,000. New York State Common Retirement Fund boosted its stake in shares of Fiverr International by 5.9% in the fourth quarter. New York State Common Retirement Fund now owns 24,824 shares of the company’s stock valued at $788,000 after purchasing an additional 1,382 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Fiverr International in the third quarter valued at approximately $683,000. Finally, Geode Capital Management LLC increased its stake in Fiverr International by 12.6% during the 3rd quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock worth $685,000 after buying an additional 2,961 shares during the period. Institutional investors and hedge funds own 59.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on FVRR shares. Citizens Jmp cut shares of Fiverr International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 20th. Scotiabank began coverage on Fiverr International in a research note on Wednesday, March 12th. They issued a “sector outperform” rating and a $31.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and set a $36.00 target price on shares of Fiverr International in a research note on Wednesday, February 19th. Royal Bank of Canada restated a “sector perform” rating and set a $35.00 price target on shares of Fiverr International in a report on Thursday, February 20th. Finally, JMP Securities cut Fiverr International from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 20th. Five investment 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, the company has an average rating of “Moderate Buy” and an average target price of $34.22.

Fiverr International Trading Down 1.1 %

NYSE:FVRR opened at $25.58 on Friday. Fiverr International Ltd. has a 1 year low of $18.83 and a 1 year high of $36.11. The stock has a market cap of $917.00 million, a P/E ratio of 54.43 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. The stock has a 50-day simple moving average of $29.26 and a 200-day simple moving average of $28.85.

Fiverr International declared that its Board of Directors has initiated a share buyback plan on Tuesday, March 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 10.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.