Fiverr International Sees Unusually Large Options Volume (NYSE:FVRR)

Fiverr International Ltd. (NYSE:FVRR) saw unusually large options trading on Wednesday. Investors bought 3,178 call options on the stock. This represents an increase of 109% compared to the average daily volume of 1,519 call options.

Institutional Trading of Fiverr International

Several institutional investors and hedge funds have recently made changes to their positions in FVRR. ARK Investment Management LLC raised its stake in Fiverr International by 27.1% in the second quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock valued at $2,568,000 after buying an additional 23,335 shares during the last quarter. Shaker Investments LLC OH purchased a new position in Fiverr International in the 3rd quarter worth $552,000. Engine Capital Management LP increased its holdings in shares of Fiverr International by 2.7% in the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock valued at $19,079,000 after purchasing an additional 21,144 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Fiverr International by 21.5% in the first quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock worth $870,000 after acquiring an additional 7,307 shares during the period. Finally, Swedbank AB purchased a new stake in shares of Fiverr International in the first quarter worth about $400,000. 59.00% of the stock is currently owned by institutional investors.

Fiverr International Stock Performance

Shares of FVRR stock traded up $5.43 on Wednesday, reaching $30.50. The stock had a trading volume of 2,027,372 shares, compared to its average volume of 834,199. The company has a 50 day simple moving average of $24.43 and a 200 day simple moving average of $23.58. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.17 and a current ratio of 3.17. Fiverr International has a 1 year low of $18.83 and a 1 year high of $32.68. The stock has a market cap of $1.18 billion, a P/E ratio of 145.05 and a beta of 1.71.

Fiverr International (NYSE:FVRR) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $94.66 million during the quarter, compared to analysts’ expectations of $94.69 million. Fiverr International had a net margin of 3.17% and a return on equity of 5.67%. Equities research analysts expect that Fiverr International will post 0.57 EPS for the current year.

Analysts Set New Price Targets

FVRR has been the subject of a number of research reports. UBS Group downgraded Fiverr International from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $37.00 to $25.00 in a research note on Tuesday, July 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 target price on shares of Fiverr International in a report on Wednesday. Roth Mkm reissued a “buy” rating and issued a $32.00 target price (up from $30.00) on shares of Fiverr International in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group reduced their price objective on Fiverr International from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.30.

About Fiverr International

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.