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

Fiverr International (NYSE:FVRR) was the target of unusually large options trading activity on Friday. Traders acquired 3,090 call options on the stock. This is an increase of approximately 131% compared to the typical daily volume of 1,338 call options.

Wall Street Analyst Weigh In

FVRR has been the subject of a number of research analyst reports. UBS Group cut their target price on shares of Fiverr International from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Royal Bank Of Canada reduced their target price on shares of Fiverr International from $16.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th. Wall Street Zen lowered shares of Fiverr International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Oppenheimer lowered shares of Fiverr International from an “outperform” rating to a “market perform” rating in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Fiverr International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 15th. Eleven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Fiverr International has a consensus rating of “Reduce” and an average target price of $11.94.

Fiverr International Trading Down 1.2%

Shares of NYSE:FVRR traded down $0.10 during trading on Friday, hitting $8.38. 170,510 shares of the company’s stock were exchanged, compared to its average volume of 964,284. Fiverr International has a 1-year low of $8.31 and a 1-year high of $23.85. The firm has a 50-day moving average price of $8.88 and a two-hundred day moving average price of $9.94. The firm has a market cap of $301.44 million, a P/E ratio of 10.36 and a beta of 1.51.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.50 earnings per share for the quarter. Fiverr International had a net margin of 7.18% and a return on equity of 16.14%. The business had revenue of $97.78 million for the quarter. As a group, research analysts predict that Fiverr International will post 0.88 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Sparta 24 Ltd. bought a new position in shares of Fiverr International in the 1st quarter worth $9,410,000. Engine Capital Management LP grew its stake in shares of Fiverr International by 78.4% during the first quarter. Engine Capital Management LP now owns 1,338,644 shares of the company’s stock worth $13,413,000 after purchasing an additional 588,220 shares during the period. Wellington Management Group LLP increased its holdings in Fiverr International by 16.5% in the second quarter. Wellington Management Group LLP now owns 1,269,405 shares of the company’s stock valued at $13,100,000 after purchasing an additional 179,418 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Fiverr International by 26.0% in the first quarter. Renaissance Technologies LLC now owns 731,659 shares of the company’s stock valued at $7,331,000 after purchasing an additional 151,200 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in Fiverr International by 235.2% in the second quarter. Tidal Investments LLC now owns 100,794 shares of the company’s stock valued at $1,040,000 after purchasing an additional 70,727 shares during the last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.

About Fiverr International

Fiverr International Ltd. operates an online marketplace that connects businesses and individual customers with freelancers offering digital services. The platform covers categories such as graphic design, digital marketing, writing and translation, video and animation, programming and technology, music and audio, business services, and consulting.

Fiverr’s marketplace is designed to support transactions between buyers and sellers, including service discovery, communication, payments, and delivery.