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

Fiverr International (NYSE:FVRR) was the recipient of unusually large options trading on Thursday. Traders acquired 5,599 put options on the stock. This represents an increase of approximately 140% compared to the typical volume of 2,335 put options.

Wall Street Analyst Weigh In

FVRR has been the topic of several recent research reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $15.00 price objective (down from $30.00) on shares of Fiverr International in a research report on Thursday, February 19th. The Goldman Sachs Group cut their target price on Fiverr International from $44.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Wall Street Zen upgraded Fiverr International from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Weiss Ratings raised Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 5th. Finally, Royal Bank Of Canada lowered their price objective on Fiverr International from $28.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.30.

Fiverr International Price Performance

Shares of NYSE FVRR traded up $1.10 during midday trading on Thursday, reaching $10.72. 1,672,083 shares of the company were exchanged, compared to its average volume of 1,161,864. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.04. Fiverr International has a one year low of $9.58 and a one year high of $30.66. The stock has a market cap of $385.38 million, a P/E ratio of 13.89 and a beta of 1.41. The stock’s 50-day moving average price is $10.65 and its 200-day moving average price is $13.76.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.62 earnings per share for the quarter. Fiverr International had a net margin of 6.70% and a return on equity of 17.22%. The firm had revenue of $105.49 million for the quarter. On average, sell-side analysts anticipate that Fiverr International will post 1.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fiverr International

A number of hedge funds have recently modified their holdings of the company. Strategic Advocates LLC purchased a new position in Fiverr International during the 3rd quarter valued at about $26,000. Russell Investments Group Ltd. acquired a new stake in shares of Fiverr International during the fourth quarter worth $32,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Fiverr International in the fourth quarter valued at $43,000. Clearstead Trust LLC acquired a new stake in Fiverr International in the 4th quarter worth about $46,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Fiverr International by 586.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,493 shares of the company’s stock worth $49,000 after acquiring an additional 2,130 shares in the last quarter. 59.00% of the stock is currently owned by institutional investors.

About Fiverr International

Fiverr International Ltd. operates an online marketplace that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.

Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.