Fiverr International (NYSE:FVRR) Stock Sees Unusually High Put Option Buying

Fiverr International (NYSE:FVRR – Get Free Report) was the recipient of unusually large options trading activity on Friday. Investors acquired 2,543 put options on the stock. This is an increase of 72% compared to the average volume of 1,482 put options.

Wall Street Analyst Weigh In

FVRR has been the topic of a number of research reports. Citigroup reduced their target price on shares of Fiverr International from $11.50 to $10.00 and set a “neutral” rating on the stock in a report on Monday. UBS Group dropped their price target on shares of Fiverr International from $10.00 to $9.50 and set a “neutral” rating for the company in a research note on Friday, October 30th. Scotiabank cut their price objective on Fiverr International from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Friday, October 30th. Oppenheimer cut Fiverr International from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Fiverr International in a report on Friday, October 30th. Eleven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $11.06.

View Our Latest Research Report on Fiverr International

Hedge Funds Weigh In On Fiverr International

A number of hedge funds and other institutional investors have recently bought and sold shares of FVRR. Engine Capital Management LP boosted its holdings in shares of Fiverr International by 78.4% in the first quarter. Engine Capital Management LP now owns 1,338,644 shares of the company’s stock valued at $13,413,000 after acquiring an additional 588,220 shares in the last quarter. Wellington Management Group LLP raised its holdings in Fiverr International by 16.5% during the second quarter. Wellington Management Group LLP now owns 1,269,405 shares of the company’s stock worth $13,100,000 after purchasing an additional 179,418 shares in the last quarter. Sparta 24 Ltd. acquired a new stake in Fiverr International in the first quarter valued at about $9,410,000. Renaissance Technologies LLC lifted its position 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 period. Finally, Rice Hall James & Associates LLC lifted its position in Fiverr International by 5.3% in the first quarter. Rice Hall James & Associates LLC now owns 304,628 shares of the company’s stock valued at $3,052,000 after purchasing an additional 15,331 shares during the period. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

Fiverr International Trading Down 1.5%

NYSE:FVRR traded down $0.13 during midday trading on Friday, hitting $8.28. 97,483 shares of the company were exchanged, compared to its average volume of 985,421. Fiverr International has a fifty-two week low of $8.01 and a fifty-two week high of $22.70. The company has a market capitalization of $297.67 million, a PE ratio of 12.00 and a beta of 1.56. The company has a fifty day simple moving average of $8.73 and a 200 day simple moving average of $10.56.

Fiverr International (NYSE:FVRR – Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.14. The firm had revenue of $90.90 million during the quarter, compared to analysts’ expectations of $83.78 million. Fiverr International had a return on equity of 13.54% and a net margin of 6.42%. The business’s revenue was down 15.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. As a group, equities research analysts expect that Fiverr International will post 0.88 EPS for the current year.

About Fiverr International

(Get Free Report)

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.

Further Reading

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