Investors Buy Large Volume of Fiverr International Call Options (NYSE:FVRR)

Fiverr International Ltd. (NYSE:FVRR) saw some unusual options trading on Wednesday. Stock traders purchased 3,178 call options on the company. This represents an increase of 109% compared to the typical daily volume of 1,519 call options.

Fiverr International Stock Up 0.3 %

Shares of NYSE FVRR opened at $29.24 on Friday. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 132.91 and a beta of 1.71. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 1.44. The firm’s fifty day moving average is $24.54 and its 200 day moving average is $23.66. Fiverr International has a 52 week low of $18.83 and a 52 week high of $32.68.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. The firm had revenue of $99.63 million during the quarter, compared to the consensus estimate of $96.37 million. Fiverr International had a net margin of 3.17% and a return on equity of 5.67%. On average, equities research analysts expect that Fiverr International will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On Fiverr International

Institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp lifted its position in shares of Fiverr International by 18.4% in the 2nd quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock worth $332,000 after purchasing an additional 2,208 shares during the period. Swedbank AB bought a new stake in Fiverr International during the 1st quarter valued at approximately $400,000. Shaker Investments LLC OH purchased a new position in shares of Fiverr International during the 3rd quarter worth approximately $552,000. California State Teachers Retirement System raised its position in shares of Fiverr International by 9.5% in the 1st quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock worth $749,000 after acquiring an additional 3,095 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake 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 during the period. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Analyst Ratings Changes

FVRR has been the topic of several analyst reports. Citigroup upped their price target on Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 target price on shares of Fiverr International in a report on Wednesday. Roth Mkm reissued a “buy” rating and issued a $32.00 price target (up from $30.00) on shares of Fiverr International in a report on Thursday, August 1st. The Goldman Sachs Group reduced their price target 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. Finally, JMP Securities boosted their target price on Fiverr International from $32.00 to $36.00 and gave the stock a “market outperform” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $31.60.

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.