Traders Purchase High Volume of Put Options on Fiverr International (NYSE:FVRR)

Fiverr International (NYSE:FVRR) was the recipient of unusually large options trading on Tuesday. Traders purchased 3,204 put options on the stock. This represents an increase of approximately 126% compared to the average volume of 1,415 put options.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings initiated coverage on Fiverr International in a research report on Saturday, November 1st. They issued a “sell (d+)” rating for the company. Needham & Company LLC reiterated a “buy” rating and set a $32.00 price target on shares of Fiverr International in a research report on Tuesday, September 16th. BTIG Research raised shares of Fiverr International from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Friday, September 19th. Oppenheimer reduced their price objective on shares of Fiverr International from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, September 16th. Finally, Zacks Research raised shares of Fiverr International from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.60.

Hedge Funds Weigh In On Fiverr International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC increased its position in shares of Fiverr International by 20.9% during the 1st quarter. Millennium Management LLC now owns 369,714 shares of the company’s stock valued at $8,755,000 after purchasing an additional 63,828 shares during the last quarter. Accurate Wealth Management LLC grew its position in Fiverr International by 9.8% during the second quarter. Accurate Wealth Management LLC now owns 128,576 shares of the company’s stock valued at $3,540,000 after acquiring an additional 11,463 shares during the last quarter. BloombergSen Inc. raised its stake in shares of Fiverr International by 142.4% during the second quarter. BloombergSen Inc. now owns 96,252 shares of the company’s stock worth $2,823,000 after acquiring an additional 56,538 shares in the last quarter. Legal Advantage Investments Inc. lifted its holdings in shares of Fiverr International by 43.5% in the 2nd quarter. Legal Advantage Investments Inc. now owns 19,800 shares of the company’s stock worth $581,000 after acquiring an additional 6,000 shares during the last quarter. Finally, ARK Investment Management LLC lifted its holdings in shares of Fiverr International by 20.2% in the 2nd quarter. ARK Investment Management LLC now owns 66,906 shares of the company’s stock worth $1,962,000 after acquiring an additional 11,224 shares during the last quarter. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

Fiverr International Trading Down 0.2%

Shares of FVRR opened at $19.67 on Wednesday. Fiverr International has a 1-year low of $19.35 and a 1-year high of $35.45. The company has a market capitalization of $704.87 million, a P/E ratio of 33.33 and a beta of 1.28. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.33 and a quick ratio of 1.33. The firm’s 50 day simple moving average is $21.07 and its 200 day simple moving average is $23.54.

Fiverr International (NYSE:FVRR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The firm had revenue of $107.90 million for the quarter, compared to analyst estimates of $107.88 million. Fiverr International had a net margin of 5.23% and a return on equity of 13.53%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 EPS. Sell-side analysts forecast that Fiverr International will post 1.04 earnings per share for the current fiscal year.

Fiverr International Company Profile

Fiverr International Ltd. operates an online marketplace that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.

Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.