Arkadios Wealth Advisors lifted its position in shares of Fiverr International Ltd. (NYSE:FVRR – Get Rating) by 52.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,025 shares of the company’s stock after buying an additional 15,137 shares during the quarter. Arkadios Wealth Advisors owned approximately 0.12% of Fiverr International worth $1,514,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Wealthcare Advisory Partners LLC grew its holdings in shares of Fiverr International by 23.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 3,334 shares of the company’s stock worth $254,000 after buying an additional 625 shares in the last quarter. Accuvest Global Advisors grew its holdings in shares of Fiverr International by 28.0% during the first quarter. Accuvest Global Advisors now owns 3,199 shares of the company’s stock worth $243,000 after buying an additional 699 shares in the last quarter. Exane Derivatives grew its holdings in shares of Fiverr International by 39.3% during the first quarter. Exane Derivatives now owns 3,143 shares of the company’s stock worth $239,000 after buying an additional 886 shares in the last quarter. Freemont Management S.A. purchased a new stake in shares of Fiverr International during the first quarter worth about $128,000. Finally, Industrial Alliance Investment Management Inc. purchased a new stake in shares of Fiverr International during the first quarter worth about $134,000. 53.28% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Needham & Company LLC lifted their price target on shares of Fiverr International from $40.00 to $50.00 in a report on Friday, August 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.17.
Fiverr International Price Performance
Fiverr International (NYSE:FVRR – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($1.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.63) by ($0.50). The business had revenue of $85.00 million for the quarter, compared to analyst estimates of $86.71 million. Fiverr International had a negative net margin of 28.46% and a negative return on equity of 31.00%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm earned ($0.17) earnings per share. As a group, sell-side analysts forecast that Fiverr International Ltd. will post -2.71 EPS for the current fiscal year.
About Fiverr International
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 approximately 550 categories in nine verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, data, and lifestyle.
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