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

Fiverr International Ltd. (NYSE:FVRR - Get Free Report) was the target of unusually large options trading activity on Wednesday. Traders bought 3,178 call options on the stock. This is an increase of approximately 109% compared to the typical daily volume of 1,519 call options.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FVRR shares. Needham & Company LLC reissued a "buy" rating and issued a $36.00 target price on shares of Fiverr International in a research note on Wednesday. Roth Mkm reissued a "buy" rating and set a $32.00 price objective (up from $30.00) on shares of Fiverr International in a research report on Thursday, August 1st. UBS Group cut shares of Fiverr International from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $37.00 to $25.00 in a report on Tuesday, July 2nd. Finally, The Goldman Sachs Group cut their price target on shares of Fiverr International from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $31.30.

Institutional Trading of Fiverr International

Several hedge funds have recently modified their holdings of FVRR. ARK Investment Management LLC lifted 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 worth $2,568,000 after purchasing an additional 23,335 shares during the last quarter. Shaker Investments LLC OH purchased a new position in Fiverr International during the 3rd quarter valued at $552,000. Engine Capital Management LP grew its position in Fiverr International by 2.7% in the 2nd quarter. Engine Capital Management LP now owns 814,294 shares of the company's stock valued at $19,079,000 after acquiring an additional 21,144 shares during the last quarter. Janney Montgomery Scott LLC grew its position in 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 acquiring an additional 7,307 shares during the last quarter. Finally, Swedbank AB purchased a new stake in Fiverr International in the first quarter worth $400,000. 59.00% of the stock is owned by hedge funds and other institutional investors.

Fiverr International Stock Performance

Shares of NYSE:FVRR traded up $4.09 during mid-day trading on Wednesday, reaching $29.16. 4,556,450 shares of the company traded hands, compared to its average volume of 848,521. The company's 50 day moving average price is $24.43 and its 200-day moving average price is $23.58. The firm has a market cap of $1.13 billion, a PE 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 company has a debt-to-equity ratio of 1.44, a current ratio of 3.17 and a quick ratio of 3.17.

Fiverr International (NYSE:FVRR - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $0.13 earnings per share for the quarter, topping 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 company had revenue of $94.66 million during the quarter, compared to the consensus estimate of $94.69 million. On average, equities analysts expect that Fiverr International will post 0.57 EPS for the current fiscal year.

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.