Sparta 24 Ltd. Takes Position in Fiverr International $FVRR

Sparta 24 Ltd. purchased a new stake in shares of Fiverr International (NYSE:FVRR) in the first quarter, HoldingsChannel.com reports. The firm purchased 939,088 shares of the company’s stock, valued at approximately $9,410,000. Fiverr International accounts for approximately 10.8% of Sparta 24 Ltd.’s portfolio, making the stock its 3rd largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Independent Financial Group LLC acquired a new position in Fiverr International in the 1st quarter worth $131,000. Virtu Financial LLC purchased a new position in Fiverr International in the 4th quarter valued at about $361,000. State of Tennessee Department of Treasury boosted its position in Fiverr International by 17.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 53,063 shares of the company’s stock valued at $1,049,000 after buying an additional 7,973 shares during the last quarter. Twinbeech Capital LP acquired a new stake in shares of Fiverr International during the fourth quarter valued at about $366,000. Finally, Susquehanna Fundamental Investments LLC grew its stake in shares of Fiverr International by 783.8% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 116,655 shares of the company’s stock valued at $2,305,000 after acquiring an additional 103,455 shares in the last quarter. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FVRR shares. Wall Street Zen upgraded Fiverr International from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings upgraded Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 9th. Finally, Zacks Research upgraded Fiverr International from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.30.

Fiverr International Price Performance

Shares of FVRR opened at $11.25 on Friday. Fiverr International has a 52 week low of $9.58 and a 52 week high of $28.00. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.04. The firm has a market cap of $404.29 million, a price-to-earnings ratio of 14.42 and a beta of 1.39. The stock has a 50 day moving average of $10.66 and a 200-day moving average of $12.31.

Fiverr International (NYSE:FVRR) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.62 earnings per share (EPS) for the quarter. Fiverr International had a return on equity of 17.22% and a net margin of 6.70%.The business had revenue of $105.49 million for the quarter. As a group, analysts forecast that Fiverr International will post 1.24 EPS for the current year.

Fiverr International Profile

Fiverr International Ltd. operates an online marketplace that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.

Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.