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

Fiverr International Ltd. (NYSE:FVRR) was the target of some unusual options trading on Wednesday. Stock traders acquired 3,178 call options on the stock. This is an increase of 109% compared to the average volume of 1,519 call options.

Analysts Set New Price Targets

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

Fiverr International Trading Up 21.7 %

Shares of NYSE:FVRR traded up $5.43 on Wednesday, reaching $30.50. 2,027,372 shares of the company traded hands, compared to its average volume of 834,199. The stock has a market capitalization of $1.18 billion, a P/E ratio of 145.05 and a beta of 1.71. Fiverr International has a 52 week low of $18.83 and a 52 week high of $32.68. The business’s 50-day simple moving average is $24.43 and its 200 day simple moving average is $23.58. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 1.44.

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

Institutional Trading of Fiverr International

Institutional investors have recently bought and sold shares of the stock. ARK Investment Management LLC grew its holdings in shares of Fiverr International by 27.1% during 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 acquired a new position in Fiverr International during the third quarter worth $552,000. Engine Capital Management LP increased its position in shares of Fiverr International by 2.7% during the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after acquiring an additional 21,144 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Fiverr International by 21.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,268 shares of the company’s stock valued at $870,000 after purchasing an additional 7,307 shares in the last quarter. Finally, Swedbank AB acquired a new position in Fiverr International in the first quarter valued at $400,000. 59.00% of the stock is currently owned by institutional investors.

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.