Chevy Chase Trust Holdings LLC lowered its stake in Fiverr International (NYSE:FVRR – Free Report) by 45.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 515,388 shares of the company’s stock after selling 422,261 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Fiverr International were worth $15,116,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Ameriprise Financial Inc. increased its holdings in shares of Fiverr International by 53.3% in the first quarter. Ameriprise Financial Inc. now owns 1,870,478 shares of the company’s stock valued at $44,293,000 after buying an additional 650,672 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Fiverr International by 20.9% in 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 in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Fiverr International by 7.3% in the first quarter. Arkadios Wealth Advisors now owns 147,895 shares of the company’s stock valued at $3,502,000 after buying an additional 10,022 shares in the last quarter. Accurate Wealth Management LLC increased its holdings in shares of Fiverr International by 9.8% in the second quarter. Accurate Wealth Management LLC now owns 128,576 shares of the company’s stock valued at $3,540,000 after buying an additional 11,463 shares in the last quarter. Finally, Jump Financial LLC increased its holdings in shares of Fiverr International by 29.8% in the first quarter. Jump Financial LLC now owns 104,839 shares of the company’s stock valued at $2,483,000 after buying an additional 24,085 shares in the last quarter. Institutional investors own 59.00% of the company’s stock.
Fiverr International Trading Down 1.0%
Fiverr International stock opened at $21.88 on Friday. The company’s fifty day simple moving average is $23.54 and its 200-day simple moving average is $26.33. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.07. Fiverr International has a 12 month low of $20.83 and a 12 month high of $36.11. The stock has a market cap of $784.27 million, a P/E ratio of 45.58 and a beta of 1.45.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on FVRR. UBS Group cut their target price on shares of Fiverr International from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. BTIG Research raised shares of Fiverr International from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Friday, September 19th. JPMorgan Chase & Co. raised shares of Fiverr International from a “neutral” rating to an “overweight” rating and cut their target price for the company from $32.00 to $30.00 in a research note on Thursday, July 31st. Zacks Research raised shares of Fiverr International from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 22nd. Finally, Citigroup cut their target price on shares of Fiverr International from $40.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.60.
Check Out Our Latest Report on FVRR
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.
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