Whetstone Capital Advisors LLC Purchases New Holdings in Fiverr International $FVRR

Whetstone Capital Advisors LLC purchased a new stake in shares of Fiverr International (NYSE:FVRR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 126,391 shares of the company’s stock, valued at approximately $2,497,000. Fiverr International comprises about 0.8% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. Whetstone Capital Advisors LLC owned about 0.35% of Fiverr International as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FVRR. Strategic Advocates LLC bought a new position in Fiverr International in the 3rd quarter worth about $26,000. Northwestern Mutual Wealth Management Co. bought a new position in Fiverr International in the 4th quarter worth about $43,000. Clearstead Trust LLC bought a new position in Fiverr International in the 4th quarter worth about $46,000. Caitong International Asset Management Co. Ltd grew its stake in Fiverr International by 586.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,493 shares of the company’s stock worth $49,000 after acquiring an additional 2,130 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Fiverr International by 4,392.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,055 shares of the company’s stock worth $90,000 after acquiring an additional 2,987 shares in the last quarter. 59.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on FVRR shares. BTIG Research restated a “neutral” rating on shares of Fiverr International in a research note on Monday, March 2nd. The Goldman Sachs Group dropped their target price on shares of Fiverr International from $44.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Citigroup restated a “neutral” rating and issued a $15.00 target price (down from $33.00) on shares of Fiverr International in a research note on Thursday, February 19th. Weiss Ratings upgraded shares of Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, June 5th. Finally, Wall Street Zen upgraded shares of Fiverr International from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.30.

Fiverr International Price Performance

Shares of FVRR opened at $9.98 on Monday. The company has a 50 day moving average price of $10.67 and a 200-day moving average price of $13.99. Fiverr International has a fifty-two week low of $9.66 and a fifty-two week high of $30.66. The stock has a market capitalization of $358.82 million, a PE ratio of 12.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.85 and a current ratio of 1.85.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.62 earnings per share for the quarter. Fiverr International had a net margin of 6.70% and a return on equity of 17.22%. The firm had revenue of $105.49 million during the quarter. Equities analysts predict that Fiverr International will post 1.15 earnings per share for the current fiscal year.

Fiverr International Company 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.