Fiverr International Ltd. (NYSE:FVRR) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC lowered its position in Fiverr International Ltd. (NYSE:FVRR) by 7.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 79,949 shares of the company’s stock after selling 6,873 shares during the quarter. ARK Investment Management LLC’s holdings in Fiverr International were worth $2,537,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Huntington National Bank grew its stake in shares of Fiverr International by 35,200.0% during the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company’s stock worth $27,000 after purchasing an additional 1,056 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Fiverr International by 5.9% in the fourth quarter. New York State Common Retirement Fund now owns 24,824 shares of the company’s stock valued at $788,000 after purchasing an additional 1,382 shares during the period. Geode Capital Management LLC boosted its holdings in Fiverr International by 12.6% during the third quarter. Geode Capital Management LLC now owns 26,472 shares of the company’s stock worth $685,000 after buying an additional 2,961 shares in the last quarter. Arkadios Wealth Advisors grew its position in Fiverr International by 22.0% during the fourth quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company’s stock worth $4,375,000 after buying an additional 24,839 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Fiverr International in the third quarter valued at about $683,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FVRR shares. Royal Bank of Canada reissued a “sector perform” rating and set a $35.00 price target on shares of Fiverr International in a research note on Thursday, February 20th. BTIG Research cut Fiverr International from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. JMP Securities lowered Fiverr International from an “outperform” rating to a “market perform” rating in a report on Thursday, February 20th. UBS Group raised their price target on Fiverr International from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Citizens Jmp lowered shares of Fiverr International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $34.63.

Fiverr International Stock Performance

Fiverr International stock opened at $26.21 on Thursday. Fiverr International Ltd. has a fifty-two week low of $18.83 and a fifty-two week high of $36.11. The company has a market capitalization of $939.47 million, a price-to-earnings ratio of 55.77 and a beta of 1.69. The stock has a fifty day moving average of $31.56 and a two-hundred day moving average of $28.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.99 and a current ratio of 1.10.

Fiverr International 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.