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

Fiverr International Ltd. (NYSE:FVRR) was the target of unusually large options trading activity on Wednesday. Traders bought 5,774 call options on the company. This represents an increase of 169% compared to the average daily volume of 2,148 call options.

Fiverr International Stock Down 8.9 %

Shares of NYSE:FVRR opened at $30.13 on Thursday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 115.90 and a beta of 1.69. The business’s 50 day moving average is $32.29 and its 200 day moving average is $28.67. Fiverr International has a 12-month low of $18.83 and a 12-month high of $36.11. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 1.47.

Hedge Funds Weigh In On Fiverr International

A number of hedge funds have recently bought and sold shares of the company. Huntington National Bank lifted its position in shares of Fiverr International by 35,200.0% during the third quarter. Huntington National Bank now owns 1,059 shares of the company’s stock valued at $27,000 after purchasing an additional 1,056 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Fiverr International by 134.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,031 shares of the company’s stock worth $33,000 after buying an additional 592 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Fiverr International during the 4th quarter worth approximately $57,000. KLP Kapitalforvaltning AS purchased a new position in shares of Fiverr International in the 4th quarter worth approximately $187,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Fiverr International in the third quarter valued at approximately $683,000. 59.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FVRR shares. Citigroup upped their price objective on shares of Fiverr International from $36.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price target on shares of Fiverr International in a research note on Wednesday. UBS Group increased their price target on Fiverr International from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. JMP Securities restated a “market outperform” rating and set a $36.00 price objective on shares of Fiverr International in a report on Thursday, January 30th. Finally, BTIG Research lowered Fiverr International from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Fiverr International has an average rating of “Moderate Buy” and an average target price of $32.30.

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.