Fiverr International (NYSE:FVRR) CFO Sells 2,000 Shares of Stock

Fiverr International (NYSE:FVRR) CFO Dadon Esther Levy sold 2,000 shares of the firm’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $11.04, for a total transaction of $22,080.00. Following the completion of the transaction, the chief financial officer directly owned 158,572 shares in the company, valued at $1,750,634.88. This trade represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fiverr International Stock Performance

Shares of FVRR stock traded down $0.17 during trading hours on Tuesday, hitting $11.10. 450,920 shares of the company were exchanged, compared to its average volume of 1,111,378. The stock has a market capitalization of $398.90 million, a price-to-earnings ratio of 14.23 and a beta of 1.39. 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 fifty day simple moving average of $10.68 and a 200 day simple moving average of $12.49. Fiverr International has a 52-week low of $9.58 and a 52-week high of $28.00.

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

Hedge Funds Weigh In On Fiverr International

Several institutional investors have recently made changes to their positions in the business. Millennium Management LLC increased its holdings in Fiverr International by 20.9% during the first quarter. Millennium Management LLC now owns 369,714 shares of the company’s stock valued at $8,755,000 after buying an additional 63,828 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Fiverr International by 4.5% during the 2nd quarter. Geode Capital Management LLC now owns 25,817 shares of the company’s stock valued at $756,000 after acquiring an additional 1,112 shares during the period. Legal & General Group Plc increased its stake in shares of Fiverr International by 11.5% in the 2nd quarter. Legal & General Group Plc now owns 33,271 shares of the company’s stock worth $976,000 after purchasing an additional 3,437 shares in the last quarter. Norges Bank purchased a new stake in shares of Fiverr International in the 2nd quarter worth $995,000. Finally, First Trust Advisors LP bought a new position in Fiverr International in the 2nd quarter worth $627,000. Institutional investors own 59.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.