Investors Purchase Large Volume of Fiverr International Put Options (NYSE:FVRR)

Fiverr International (NYSE:FVRR) saw some unusual options trading activity on Tuesday. Traders bought 3,204 put options on the company. This represents an increase of 126% compared to the typical volume of 1,415 put options.

Fiverr International Price Performance

Shares of Fiverr International stock traded down $0.04 during trading hours on Tuesday, reaching $19.67. The company’s stock had a trading volume of 865,692 shares, compared to its average volume of 732,540. The firm has a 50 day moving average price of $21.14 and a 200-day moving average price of $23.61. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.33 and a quick ratio of 1.33. Fiverr International has a one year low of $19.35 and a one year high of $35.45. The stock has a market cap of $704.79 million, a P/E ratio of 33.33 and a beta of 1.28.

Fiverr International (NYSE:FVRR) last announced its earnings results on Wednesday, November 5th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.07. Fiverr International had a net margin of 5.23% and a return on equity of 13.53%. The business had revenue of $107.90 million for the quarter, compared to the consensus estimate of $107.88 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts predict that Fiverr International will post 1.04 EPS for the current year.

Analyst Ratings Changes

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

Institutional Trading of Fiverr International

Hedge funds have recently bought and sold shares of the stock. Invenomic Capital Management LP bought a new position in Fiverr International in the third quarter worth about $15,194,000. Ameriprise Financial Inc. lifted its stake in shares of Fiverr International by 26.7% during the third quarter. Ameriprise Financial Inc. now owns 2,690,147 shares of the company’s stock worth $65,666,000 after buying an additional 566,636 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Fiverr International by 188.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 804,734 shares of the company’s stock worth $23,603,000 after acquiring an additional 526,060 shares during the period. UBS Group AG raised its stake in shares of Fiverr International by 155.2% in the third quarter. UBS Group AG now owns 366,141 shares of the company’s stock worth $8,938,000 after purchasing an additional 222,667 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in Fiverr International by 18.9% during the 2nd quarter. Acadian Asset Management LLC now owns 1,380,046 shares of the company’s stock worth $40,450,000 after buying an additional 219,743 shares during the last quarter. Hedge funds and other institutional investors own 59.00% of the company’s stock.

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.