Jump Financial LLC Buys 69,129 Shares of Fiverr International Ltd. (NYSE:FVRR)

Jump Financial LLC grew its stake in shares of Fiverr International Ltd. (NYSE:FVRR) by 594.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,754 shares of the company’s stock after buying an additional 69,129 shares during the quarter. Jump Financial LLC’s holdings in Fiverr International were worth $2,562,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Huntington National Bank lifted its stake in Fiverr International by 38.3% during the fourth quarter. Huntington National Bank now owns 1,465 shares of the company’s stock worth $46,000 after purchasing an additional 406 shares during the last quarter. Pier Capital LLC purchased a new position in shares of Fiverr International during the 4th quarter valued at about $8,674,000. KLP Kapitalforvaltning AS bought a new stake in Fiverr International in the 4th quarter worth approximately $187,000. SBI Securities Co. Ltd. purchased a new stake in Fiverr International in the fourth quarter worth approximately $57,000. Finally, Jones Financial Companies Lllp grew its position in Fiverr International by 134.9% during the fourth 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 during the last quarter. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

Fiverr International Price Performance

FVRR opened at $24.63 on Friday. 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 market capitalization of $882.95 million, a PE ratio of 52.41 and a beta of 1.98. The stock’s 50 day moving average price is $26.20 and its 200-day moving average price is $28.71. Fiverr International Ltd. has a 52-week low of $19.30 and a 52-week high of $36.11.

Fiverr International declared that its Board of Directors has approved a stock buyback program on Tuesday, March 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to purchase up to 10.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. JMP Securities lowered shares of Fiverr International from an “outperform” rating to a “market perform” rating in a report on Thursday, February 20th. Royal Bank of Canada restated a “sector perform” rating and set a $35.00 price target on shares of Fiverr International in a research report on Thursday, February 20th. Citizens Jmp downgraded Fiverr International from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and set a $36.00 target price on shares of Fiverr International in a report on Wednesday, February 19th. Finally, 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 target on the stock. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $33.50.

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.