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

Fiverr International Ltd. (NYSE:FVRR - Get Free Report) saw some unusual options trading on Wednesday. Stock traders acquired 5,774 call options on the stock. This represents an increase of 169% compared to the typical daily volume of 2,148 call options.

Institutional Trading of Fiverr International

Several hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its stake in Fiverr International by 22.0% during the 4th quarter. Ameriprise Financial Inc. now owns 1,219,806 shares of the company's stock worth $38,704,000 after buying an additional 219,957 shares during the period. Engine Capital Management LP raised its stake in Fiverr International by 2.3% during the 4th quarter. Engine Capital Management LP now owns 1,204,316 shares of the company's stock worth $38,213,000 after buying an additional 27,003 shares during the period. Millennium Management LLC raised its stake in Fiverr International by 169.9% during the 4th quarter. Millennium Management LLC now owns 305,886 shares of the company's stock worth $9,706,000 after buying an additional 192,534 shares during the period. Pier Capital LLC acquired a new stake in Fiverr International during the 4th quarter worth $8,674,000. Finally, Arkadios Wealth Advisors raised its stake in Fiverr International by 22.0% during the 4th quarter. Arkadios Wealth Advisors now owns 137,873 shares of the company's stock worth $4,375,000 after buying an additional 24,839 shares during the period. Institutional investors and hedge funds own 59.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FVRR. BTIG Research lowered Fiverr International from a "buy" rating to a "neutral" rating in a research note on Monday, November 4th. Citigroup increased their price target on Fiverr International from $36.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Citizens Jmp lowered Fiverr International from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Needham & Company LLC restated a "buy" rating and set a $36.00 price target on shares of Fiverr International in a research report on Wednesday. Finally, JMP Securities lowered Fiverr International from an "outperform" rating to a "market perform" rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Fiverr International currently has an average rating of "Hold" and an average price target of $33.20.

Fiverr International Trading Down 7.7 %

Shares of FVRR stock traded down $2.15 during trading hours on Friday, reaching $25.71. The company had a trading volume of 1,625,277 shares, compared to its average volume of 835,387. The company has a 50 day moving average of $32.16 and a 200 day moving average of $28.67. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.99 and a quick ratio of 2.99. The firm has a market cap of $993.50 million, a price-to-earnings ratio of 54.69 and a beta of 1.69. Fiverr International has a 1-year low of $18.83 and a 1-year high of $36.11.

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.