Renaissance Technologies LLC grew its stake in shares of Fiverr International (NYSE:FVRR – Free Report) by 26.0% in the first quarter, Holdings Channel reports. The firm owned 731,659 shares of the company’s stock after acquiring an additional 151,200 shares during the period. Renaissance Technologies LLC’s holdings in Fiverr International were worth $7,331,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Sparta 24 Ltd. purchased a new stake in Fiverr International in the 1st quarter valued at about $9,410,000. Ameriprise Financial Inc. increased its position in shares of Fiverr International by 26.7% during the third quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company’s stock worth $65,666,000 after acquiring an additional 566,636 shares during the period. Man Group plc increased its position in shares of Fiverr International by 562.3% during the fourth quarter. Man Group plc now owns 279,484 shares of the company’s stock worth $5,523,000 after acquiring an additional 237,284 shares during the period. UBS Group AG raised its stake in shares of Fiverr International by 155.2% during the third quarter. UBS Group AG now owns 366,141 shares of the company’s stock valued at $8,938,000 after acquiring an additional 222,667 shares in the last quarter. Finally, Maverick Capital Ltd. bought a new stake in shares of Fiverr International during the fourth quarter valued at approximately $3,993,000. 59.00% of the stock is currently owned by institutional investors.
Fiverr International Trading Up 6.7%
Shares of FVRR stock opened at $9.53 on Tuesday. Fiverr International has a 12-month low of $8.75 and a 12-month high of $28.00. The business’s fifty day simple moving average is $10.57 and its 200-day simple moving average is $11.57. The company has a market cap of $342.57 million, a PE ratio of 11.76 and a beta of 1.39.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Wall Street Zen cut Fiverr International from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group cut their price target on Fiverr International from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday. Citigroup decreased their price objective on Fiverr International from $15.00 to $11.50 and set a “neutral” rating for the company in a report on Thursday, July 30th. Weiss Ratings lowered shares of Fiverr International from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. Finally, Scotiabank cut shares of Fiverr International from a “sector outperform” rating to a “sector perform” rating and set a $10.00 target price on the stock. in a report on Thursday, July 30th. Eleven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Fiverr International presently has an average rating of “Reduce” and an average target price of $16.25.
Check Out Our Latest Analysis on FVRR
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.
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