Fiverr International Target of Unusually Large Options Trading (NYSE:FVRR)

Fiverr International Ltd. (NYSE:FVRR) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 5,774 call options on the stock. This is an increase of 169% compared to the average volume of 2,148 call options.

Fiverr International Stock Performance

Shares of FVRR stock traded down $2.76 during trading hours on Wednesday, hitting $30.30. The stock had a trading volume of 1,180,678 shares, compared to its average volume of 721,167. The stock’s 50 day moving average is $32.39 and its 200 day moving average is $28.66. The firm has a market capitalization of $1.17 billion, a PE ratio of 116.84 and a beta of 1.69. Fiverr International has a twelve month low of $18.83 and a twelve month high of $36.11. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.99 and a quick ratio of 2.99.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.40). Fiverr International had a net margin of 2.67% and a return on equity of 7.10%. As a group, research analysts forecast that Fiverr International will post 0.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

A number of institutional investors have recently made changes to their positions in FVRR. Jones Financial Companies Lllp boosted its stake in shares of Fiverr International by 134.9% during the fourth quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company’s stock valued at $33,000 after acquiring an additional 592 shares during the last quarter. Huntington National Bank lifted its holdings in Fiverr International by 35,200.0% in the 3rd quarter. Huntington National Bank now owns 1,059 shares of the company’s stock valued at $27,000 after purchasing an additional 1,056 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Fiverr International during the 4th quarter worth about $57,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Fiverr International during the fourth quarter worth about $187,000. Finally, New York State Common Retirement Fund raised its position in shares of Fiverr International by 5.9% in the fourth quarter. New York State Common Retirement Fund now owns 24,824 shares of the company’s stock valued at $788,000 after buying an additional 1,382 shares during the last quarter. 59.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FVRR has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price objective on shares of Fiverr International in a report on Wednesday. Citigroup raised their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. UBS Group increased their price objective on Fiverr International from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. BTIG Research downgraded shares of Fiverr International from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $36.00 price target on shares of Fiverr International in a report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.30.

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.