Connor Clark & Lunn Investment Management Ltd. Grows Holdings in Fiverr International $FVRR

Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Fiverr International (NYSE:FVRR) by 16.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,077,797 shares of the company’s stock after buying an additional 149,125 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Fiverr International were worth $31,612,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D increased its stake in Fiverr International by 7.4% in the second quarter. State of New Jersey Common Pension Fund D now owns 16,752 shares of the company’s stock valued at $491,000 after acquiring an additional 1,157 shares during the last quarter. Assetmark Inc. purchased a new position in shares of Fiverr International in the 2nd quarter worth about $41,000. Legal Advantage Investments Inc. increased its position in shares of Fiverr International by 43.5% during the 2nd quarter. Legal Advantage Investments Inc. now owns 19,800 shares of the company’s stock valued at $581,000 after purchasing an additional 6,000 shares during the last quarter. MQS Management LLC bought a new position in shares of Fiverr International during the 2nd quarter valued at about $248,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Fiverr International during the 2nd quarter valued at about $262,000. 59.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FVRR has been the subject of several research reports. Citigroup cut their target price on Fiverr International from $40.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. UBS Group reduced their target price on shares of Fiverr International from $32.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Oppenheimer decreased their target price on shares of Fiverr International from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 16th. Royal Bank Of Canada cut their price target on shares of Fiverr International from $35.00 to $28.00 and set a “sector perform” rating for the company in a research report on Thursday, July 31st. Finally, Zacks Research upgraded Fiverr International from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.60.

Fiverr International Price Performance

Shares of Fiverr International stock opened at $20.87 on Monday. The firm has a market cap of $748.05 million, a PE ratio of 35.38 and a beta of 1.49. Fiverr International has a 12-month low of $19.69 and a 12-month high of $36.11. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.05. The company’s fifty day simple moving average is $23.37 and its two-hundred day simple moving average is $26.14.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.70 by $0.07. The firm had revenue of $107.90 million during the quarter, compared to the consensus estimate of $107.88 million. Fiverr International had a net margin of 5.23% and a return on equity of 13.53%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 earnings per share. Fiverr International has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Fiverr International will post 1.04 EPS for the current year.

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.