ARK Investment Management LLC raised its stake in Fiverr International Ltd. (NYSE:FVRR – Get Rating) by 22.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 40,565 shares of the company's stock after purchasing an additional 7,568 shares during the quarter. ARK Investment Management LLC's holdings in Fiverr International were worth $1,716,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Freemont Management S.A. acquired a new stake in Fiverr International in the first quarter valued at approximately $128,000. Industrial Alliance Investment Management Inc. acquired a new stake in Fiverr International in the first quarter valued at approximately $134,000. Neuberger Berman Group LLC acquired a new stake in Fiverr International in the first quarter valued at approximately $229,000. Exane Derivatives raised its holdings in Fiverr International by 39.3% in the first quarter. Exane Derivatives now owns 3,143 shares of the company's stock valued at $239,000 after acquiring an additional 886 shares in the last quarter. Finally, Accuvest Global Advisors raised its holdings in Fiverr International by 28.0% in the first quarter. Accuvest Global Advisors now owns 3,199 shares of the company's stock valued at $243,000 after acquiring an additional 699 shares in the last quarter. Institutional investors and hedge funds own 53.28% of the company's stock.

Fiverr International Stock Performance

Shares of Fiverr International stock opened at $32.32 on Tuesday. The firm has a market capitalization of $1.19 billion, a P/E ratio of -12.91 and a beta of 1.79. Fiverr International Ltd. has a 52 week low of $29.04 and a 52 week high of $210.55. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 1.94. The firm's 50 day moving average is $36.15 and its two-hundred day moving average is $46.55.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC raised their target price on shares of Fiverr International from $40.00 to $50.00 in a report on Friday, August 5th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Fiverr International presently has a consensus rating of "Hold" and a consensus target price of $59.17.

Fiverr International Profile

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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 approximately 550 categories in nine verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and technology, business, data, and lifestyle.

Read More

• Get a free copy of the StockNews.com research report on Fiverr International (FVRR)
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