Acadian Asset Management LLC Purchases 219,743 Shares of Fiverr International $FVRR

Acadian Asset Management LLC grew its position in Fiverr International (NYSE:FVRR - Free Report) by 18.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,380,046 shares of the company's stock after acquiring an additional 219,743 shares during the quarter. Acadian Asset Management LLC owned 3.85% of Fiverr International worth $40,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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Several other hedge funds have also modified their holdings of FVRR. Assetmark Inc. purchased a new position in shares of Fiverr International in the second quarter valued at $41,000. MQS Management LLC bought a new position in Fiverr International during the second quarter valued at $248,000. Envestnet Asset Management Inc. purchased a new position in shares of Fiverr International in the 2nd quarter worth $262,000. Quantbot Technologies LP grew its stake in shares of Fiverr International by 5,825.9% in the 1st quarter. Quantbot Technologies LP now owns 11,911 shares of the company's stock worth $282,000 after buying an additional 11,710 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of Fiverr International by 7.4% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 16,752 shares of the company's stock worth $491,000 after buying an additional 1,157 shares during the last quarter. 59.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FVRR shares. UBS Group lowered their price target on shares of Fiverr International from $32.00 to $25.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Citigroup decreased their price objective on Fiverr International from $40.00 to $33.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Royal Bank Of Canada dropped their target price on Fiverr International from $35.00 to $28.00 and set a "sector perform" rating for the company in a report on Thursday, July 31st. Weiss Ratings assumed coverage on Fiverr International in a research report on Saturday, November 1st. They set a "sell (d+)" rating on the stock. Finally, JPMorgan Chase & Co. upgraded Fiverr International from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $32.00 to $30.00 in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.60.

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Get Our Latest Stock Report on Fiverr International

Fiverr International Trading Up 4.5%

FVRR stock opened at $20.87 on Monday. Fiverr International has a 12 month low of $19.69 and a 12 month high of $36.11. The firm's 50-day moving average is $23.37 and its 200 day moving average is $26.14. The company has a market capitalization of $748.05 million, a PE ratio of 35.38 and a beta of 1.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.33 and a quick ratio of 1.33.

• 3 Top Stocks Crushing Q3 Earnings With Strong 2024 Guidance

Fiverr International (NYSE:FVRR - Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.07. The business had revenue of $107.90 million for 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 revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. Fiverr International has set its Q4 2025 guidance at EPS. On average, research analysts anticipate 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.

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